5 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital

3. JELD-WEN Holding, Inc. (NYSE:JELD)

Soapstone Capital’s Stake Value: $19.3 million

Percentage of Soapstone Capital’s Portfolio: 8.87%

Number of Hedge Fund Holders: 23

Jed Nussdorf’s hedge fund first initiated a position in JELD-WEN Holding, Inc. (NYSE:JELD) in the third quarter of 2020 and further lifted its stake in the company over each of the past three quarters. As of December 2021, it was ranked third on the list of 10 stocks to buy today according to Jed Nussdorf’s Soapstone Capital.

Shares of the door manufacturing company have been under pressure over the past few quarters due to broader market trends. The company itself looks strong in terms of its financial growth momentum, as its fourth quarter net revenue increased by 11.8% compared to the year-ago period. 

JELD-WEN Holding was in 23 hedge funds’ portfolios as of December 2021 according to data tracked by Insider Monkey.