A Bullish Forecast
Analysts have increased the one-year price target for JELD-WEN Holding (NYSE:JELD) by 9.35%, now set at 20.29 per share, soaring from the previous estimate of 18.56 as of January 16, 2024.
The price target average, collated from various analyst estimates, currently spans from a low of 16.16 to a high of 25.20 per share. This upsurge signifies a 10.34% increase from the latest closing price of 18.39 per share.
Market Sentiments and Shareholder Activities
The total number of funds or institutions reporting positions in JELD-WEN Holding has risen by 23 owners or 5.64% in the most recent quarter, with an average portfolio weight for all funds dedicated to JELD standing at 0.15%, reflecting a 2.60% decline.
The total institutional shares in JELD have surged by 1.51% in the last three months to 96,497 thousand shares, while the put/call ratio of 0.29 indicates a bullish outlook.
Key Stakeholders and Shifts
In the realm of key stakeholders, Turtle Creek Asset Management maintains 13,950 thousand shares, amounting to 16.35% ownership of the company, with no changes in the previous quarter.
Fuller & Thaler Asset Management holds 8,837 thousand shares, owning 10.36% of the company. The firm reduced its portfolio allocation by 3.52% but upped its position by 20.26% in the last quarter.
UBVLX – Undiscovered Managers Behavioral Value Fund Class L owns 7,488 thousand shares, equating to 8.78% ownership. They decreased their portfolio allocation by 1.87% and 23.45% in the last quarter.
Pzena Investment Management possesses 7,347 thousand shares, constituting 8.61% ownership. They increased their position by 16.29% and decreased by 3.93% in their last quarter holdings.
American Century Companies increased their ownership by 13.34%, holding 3,289 thousand shares and representing 3.86% ownership. Their portfolio allocation in JELD rose by 43.40% in the quarter.
The Story Behind JELD-WEN Holding
JELD-WEN, established in 1960, holds the mantle as one of the globe’s most extensive door and window manufacturers, with manufacturing units spanning 20 countries, primarily in North America, Europe, and Australia.
Based in Charlotte, North Carolina, JELD-WEN specializes in designing, producing, and distributing a wide array of interior and exterior doors, along with wood, vinyl, and aluminum windows, crafted for new construction, as well as repair and remodeling projects in residential and non-residential spaces.
Noteworthy for its energy-efficient products, JELD-WEN has been an ENERGY STAR® Partner since 1998, marketing its products globally under the JELD-WEN® brand and several other market-leading regional brands like Swedoor® and DANA® in Europe, and Corinthian®, Stegbar®, and Trend® in Australia.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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