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

IMS Capital Management decreased its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent filing 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 quarter. JELD-WEN makes up about 5.9% of IMS Capital Management's investment portfolio, making the stock its 2nd largest position. IMS Capital Management owned 1.11% of JELD-WEN worth $13,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Congress Asset Management Co. MA bought a new stake in JELD-WEN during the 1st quarter worth approximately $4,631,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of JELD-WEN in the first quarter valued at $6,750,000. Bridgeway Capital Management LLC increased its stake in shares of JELD-WEN by 13.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 713,783 shares of the company's stock valued at $13,476,000 after buying an additional 85,455 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of JELD-WEN by 33.7% in the first quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company's stock valued at $7,148,000 after buying an additional 84,900 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in JELD-WEN by 64.7% during the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company's stock worth $2,319,000 after buying an additional 67,604 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Trading Up 2.6 %

Shares of NYSE:JELD traded up $0.41 during midday trading on Tuesday, hitting $16.22. The company had a trading volume of 496,184 shares, compared to its average volume of 672,315. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. JELD-WEN Holding, Inc. has a 12 month low of $11.02 and a 12 month high of $21.75. The firm has a fifty day simple moving average of $14.79 and a 200 day simple moving average of $15.97. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 69.43 and a beta of 2.24.

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, topping analysts' consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million for the quarter, compared to analysts' expectations of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company's revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. On average, analysts predict that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on JELD-WEN from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Barclays decreased their price objective 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, Loop Capital dropped their target price on JELD-WEN from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, July 19th. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.80.

About JELD-WEN

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.