IMS Capital Management Sells 51,553 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

IMS Capital Management decreased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,047,915 shares of the company’s stock after selling 51,553 shares during the quarter. JELD-WEN comprises about 10.3% of IMS Capital Management’s investment portfolio, making the stock its biggest position. IMS Capital Management owned about 1.22% of JELD-WEN worth $22,247,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in JELD-WEN in the fourth quarter valued at about $47,000. Quest Partners LLC purchased a new position in JELD-WEN in the fourth quarter valued at about $103,000. DekaBank Deutsche Girozentrale purchased a new position in JELD-WEN in the fourth quarter valued at about $118,000. Finally, International Assets Investment Management LLC purchased a new position in JELD-WEN in the fourth quarter valued at about $125,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

JELD stock traded down $0.38 during midday trading on Friday, reaching $15.34. The company had a trading volume of 688,265 shares, compared to its average volume of 761,389. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average price of $14.54 and a 200 day moving average price of $17.17. JELD-WEN Holding, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $21.75. The firm has a market capitalization of $1.32 billion, a PE ratio of 66.70 and a beta of 2.28.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data 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. The business had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. Analysts anticipate that JELD-WEN Holding, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on JELD. StockNews.com lowered JELD-WEN from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada dropped their target price on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. The Goldman Sachs Group dropped their target price on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. UBS Group dropped their target price on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Loop Capital dropped their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, JELD-WEN currently has an average rating of “Hold” and an average price target of $16.80.

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.