Engine Capital Management LP Acquires 803,095 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Engine Capital Management LP grew its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 223.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,162,303 shares of the company's stock after buying an additional 803,095 shares during the quarter. JELD-WEN makes up about 2.9% of Engine Capital Management LP's investment portfolio, making the stock its 14th largest holding. Engine Capital Management LP owned approximately 1.35% of JELD-WEN worth $15,656,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JELD. Pzena Investment Management LLC raised its position in shares of JELD-WEN by 26.3% in the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company's stock worth $125,552,000 after acquiring an additional 1,939,052 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company's stock valued at $17,985,000 after acquiring an additional 1,017,275 shares during the period. Norges Bank bought a new stake in JELD-WEN during the fourth quarter worth about $9,783,000. Hennessy Advisors Inc. purchased a new stake in JELD-WEN in the second quarter worth about $5,342,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company's stock valued at $18,400,000 after purchasing an additional 220,177 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JELD shares. The Goldman Sachs Group lowered their price objective on JELD-WEN from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Loop Capital cut their price target on shares of JELD-WEN from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, July 19th. Barclays reduced their target price on JELD-WEN from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, July 12th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $13.00 target price 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, JELD-WEN has a consensus rating of "Hold" and a consensus target price of $16.80.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.25 during mid-day trading on Tuesday, reaching $15.73. 552,267 shares of the company traded hands, compared to its average volume of 679,510. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.75. The firm has a market cap of $1.35 billion, a PE ratio of 68.37 and a beta of 2.24. The company's 50 day moving average price is $14.81 and its 200-day moving average price is $16.06. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company had revenue of $986.00 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $0.44 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that JELD-WEN Holding, Inc. will post 1.31 EPS for the current fiscal year.

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.