IMS Capital Management Has $13.10 Million Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

IMS Capital Management trimmed its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 952,187 shares of the company’s stock after selling 95,728 shares during the period. JELD-WEN makes up approximately 5.9% of IMS Capital Management’s investment portfolio, making the stock its 2nd largest holding. IMS Capital Management owned 1.11% of JELD-WEN worth $13,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of JELD-WEN in the second quarter worth $30,000. nVerses Capital LLC acquired a new position in JELD-WEN during the second quarter worth $92,000. Xponance Inc. bought a new position in JELD-WEN in the second quarter valued at $198,000. Finally, ProShare Advisors LLC increased its stake in JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock valued at $325,000 after buying an additional 1,205 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on JELD shares. Loop Capital reduced their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. The Goldman Sachs Group reduced their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays lowered their price target on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $13.00 price objective on shares of JELD-WEN in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.80.

JELD-WEN Stock Performance

JELD opened at $15.81 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The business has a fifty day simple moving average of $14.79 and a 200 day simple moving average of $15.99. JELD-WEN Holding, Inc. has a 1 year low of $11.02 and a 1 year high of $21.75. The company has a market capitalization of $1.36 billion, a PE ratio of 68.72 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The company had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. JELD-WEN’s quarterly revenue was down 12.4% on a year-over-year basis. Research analysts expect that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

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.