Mesirow Financial Investment Management Equity Management Takes $14.26 Million Position in JELD-WEN Holding, Inc. (JELD)
Mesirow Financial Investment Management Equity Management purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 401,370 shares of the company’s stock, valued at approximately $14,257,000. Mesirow Financial Investment Management Equity Management owned approximately 0.38% of JELD-WEN Holding as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in JELD-WEN Holding in the second quarter worth about $105,000. Legal & General Group Plc bought a new stake in JELD-WEN Holding during the first quarter worth about $130,000. Oppenheimer Asset Management Inc. bought a new stake in JELD-WEN Holding during the second quarter worth about $135,000. PNC Financial Services Group Inc. bought a new stake in JELD-WEN Holding during the first quarter worth about $138,000. Finally, Great West Life Assurance Co. Can bought a new stake in JELD-WEN Holding during the second quarter worth about $236,000. 41.61% of the stock is owned by hedge funds and other institutional investors.
JELD has been the topic of several research analyst reports. Zacks Investment Research cut shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine cut shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 target price (up from $38.00) on shares of JELD-WEN Holding in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of JELD-WEN Holding in a report on Tuesday, August 29th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating on shares of JELD-WEN Holding in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.07.
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JELD-WEN Holding (NYSE:JELD) last issued its earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). JELD-WEN Holding had a return on equity of 93.93% and a net margin of 9.12%. The firm had revenue of $948.70 million during the quarter, compared to the consensus estimate of $974.57 million. The business’s revenue for the quarter was up .2% compared to the same quarter last year.
About JELD-WEN Holding
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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