Jennison Associates LLC Acquires 725,186 Shares of Jeld-Wen Holding Inc (JELD)

Jennison Associates LLC raised its holdings in Jeld-Wen Holding Inc (NYSE:JELD) by 134.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,265,084 shares of the company’s stock after acquiring an additional 725,186 shares during the quarter. Jennison Associates LLC’s holdings in Jeld-Wen were worth $49,806,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Jeld-Wen in the third quarter valued at approximately $110,000. Strs Ohio bought a new position in Jeld-Wen in the fourth quarter valued at approximately $149,000. Breton Hill Capital Ltd. bought a new position in Jeld-Wen in the third quarter valued at approximately $208,000. Sii Investments Inc. WI bought a new position in Jeld-Wen in the third quarter valued at approximately $217,000. Finally, First Quadrant L P CA bought a new position in Jeld-Wen in the fourth quarter valued at approximately $219,000. 40.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on JELD shares. Zacks Investment Research raised shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, January 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Jeld-Wen in a research note on Tuesday, January 9th. Barclays set a $44.00 price objective on shares of Jeld-Wen and gave the company a “buy” rating in a research note on Monday, January 8th. ValuEngine cut shares of Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, B. Riley raised their price objective on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Jeld-Wen currently has an average rating of “Buy” and an average target price of $38.87.

In related news, Chairman Kirk S. Hachigian sold 156,029 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the sale, the chairman now directly owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Onex sold 12,465,047 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total transaction of $408,105,638.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,672,683 shares of company stock worth $1,560,803,641.

Jeld-Wen Holding Inc (NYSE:JELD) opened at $40.00 on Tuesday. Jeld-Wen Holding Inc has a 52-week low of $25.60 and a 52-week high of $42.27. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $991.40 million for the quarter, compared to analysts’ expectations of $974.98 million. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. Jeld-Wen’s quarterly revenue was up 6.3% on a year-over-year basis. analysts expect that Jeld-Wen Holding Inc will post 1.62 earnings per share for the current year.

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Jeld-Wen Profile

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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