Vaughan Nelson Investment Management L.P. Buys 1,017,275 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Vaughan Nelson Investment Management L.P. raised its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 319.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,335,245 shares of the company’s stock after buying an additional 1,017,275 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.55% of JELD-WEN worth $17,985,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JELD. Allspring Global Investments Holdings LLC grew 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 valued at $46,000 after buying an additional 1,922 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of JELD-WEN in the 4th quarter valued at about $47,000. Quest Partners LLC acquired a new position in shares of JELD-WEN in the 4th quarter valued at about $103,000. International Assets Investment Management LLC acquired a new position in shares of JELD-WEN in the 4th quarter valued at about $125,000. Finally, ProShare Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,205 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JELD shares. Loop Capital dropped their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Barclays dropped their price objective on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. UBS Group dropped their price objective on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. One research 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, JELD-WEN currently has a consensus rating of “Hold” and a consensus target price of $16.80.

JELD-WEN Stock Performance

JELD stock opened at $14.08 on Monday. The firm has a market cap of $1.21 billion, a PE ratio of 61.22 and a beta of 2.28. 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 business has a 50 day moving average of $14.39 and a 200-day moving average of $16.86. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75.

JELD-WEN (NYSE:JELD) last released 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. The company had revenue of $986.00 million during the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. JELD-WEN’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 1.19 earnings per share 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.