Vaughan Nelson Investment Management L.P. Invests $6.75 Million in JELD-WEN Holding, Inc. (NYSE:JELD)

Vaughan Nelson Investment Management L.P. bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 317,970 shares of the company’s stock, valued at approximately $6,750,000. Vaughan Nelson Investment Management L.P. owned 0.37% of JELD-WEN at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of JELD-WEN during the 4th quarter valued at $47,000. Quest Partners LLC bought a new stake in JELD-WEN during the fourth quarter valued at about $103,000. DekaBank Deutsche Girozentrale purchased a new stake in JELD-WEN in the fourth quarter worth about $118,000. International Assets Investment Management LLC bought a new position in shares of JELD-WEN in the fourth quarter worth about $125,000. Finally, Boulder Hill Capital Management LP purchased a new position in shares of JELD-WEN during the 4th quarter valued at about $342,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Stock Performance

Shares of NYSE JELD opened at $12.91 on Wednesday. The company has a market cap of $1.11 billion, a P/E ratio of 56.13 and a beta of 2.28. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.39 and a current ratio of 2.08. The firm’s fifty day moving average is $15.44 and its two-hundred day moving average is $17.70.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. The firm had revenue of $959.10 million for the quarter, compared to analysts’ expectations of $972.62 million. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on JELD. StockNews.com cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Barclays decreased their price objective on shares of JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, May 13th. Royal Bank of Canada lowered their target price on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 8th. Finally, UBS Group cut their price target on JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.00.

JELD-WEN 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.