Vaughan Nelson Investment Management L.P. Increases Stock Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Vaughan Nelson Investment Management L.P. increased its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 57.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,099,890 shares of the company's stock after acquiring an additional 764,645 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 2.48% of JELD-WEN worth $33,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JELD. Victory Capital Management Inc. lifted its position in JELD-WEN by 64.7% during the second quarter. Victory Capital Management Inc. now owns 172,126 shares of the company's stock valued at $2,319,000 after purchasing an additional 67,604 shares during the last quarter. Edgestream Partners L.P. purchased a new position in JELD-WEN in the second quarter worth $817,000. Engine Capital Management LP raised its position in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company's stock valued at $15,656,000 after purchasing an additional 803,095 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of JELD-WEN during the 2nd quarter valued at about $5,342,000. Finally, Panagora Asset Management Inc. lifted its position in JELD-WEN by 4.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 376,032 shares of the company's stock worth $5,065,000 after buying an additional 14,841 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the transaction, the insider now directly owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is owned by company insiders.

JELD-WEN Trading Down 1.4 %

Shares of JELD traded down $0.14 during trading hours on Monday, reaching $10.05. 1,169,019 shares of the company traded hands, compared to its average volume of 693,773. JELD-WEN Holding, Inc. has a 12 month low of $8.90 and a 12 month high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The company's fifty day moving average price is $14.26 and its two-hundred day moving average price is $14.53. The company has a market capitalization of $850.01 million, a price-to-earnings ratio of -5.49 and a beta of 2.25.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm's revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Equities research analysts predict that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an "underperform" rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their target price on JELD-WEN from $15.00 to $17.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Barclays reduced their price target on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group lowered their price objective on JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.