JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by IMS Capital Management

IMS Capital Management trimmed its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 935,187 shares of the company’s stock after selling 17,000 shares during the quarter. JELD-WEN accounts for 6.6% of IMS Capital Management’s portfolio, making the stock its largest holding. IMS Capital Management owned approximately 1.11% of JELD-WEN worth $14,785,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Hennessy Advisors Inc. acquired a new stake in shares of JELD-WEN during the second quarter worth approximately $5,342,000. SummerHaven Investment Management LLC raised its position in JELD-WEN by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock valued at $567,000 after purchasing an additional 1,025 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in JELD-WEN by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after purchasing an additional 220,177 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in JELD-WEN by 102.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of JELD-WEN by 43.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,734 shares of the company’s stock worth $320,000 after purchasing an additional 7,203 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.03% of the stock is owned by corporate insiders.

JELD-WEN Stock Performance

Shares of JELD stock opened at $9.88 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75. The company’s 50 day moving average price is $12.31 and its two-hundred day moving average price is $13.77. The company has a market capitalization of $836.05 million, a P/E ratio of -5.44 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, analysts expect that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

JELD has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. UBS Group dropped their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, B. Riley decreased their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.56.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.