Victory Capital Management Inc. Acquires 2,010,275 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Victory Capital Management Inc. boosted its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 1,167.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,182,401 shares of the company's stock after purchasing an additional 2,010,275 shares during the quarter. Victory Capital Management Inc. owned about 2.58% of JELD-WEN worth $34,504,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company's stock worth $46,000 after acquiring an additional 1,922 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of JELD-WEN by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company's stock worth $2,359,000 after buying an additional 12,330 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of JELD-WEN by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company's stock worth $325,000 after buying an additional 1,205 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in JELD-WEN by 17.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,800 shares of the company's stock valued at $737,000 after buying an additional 5,059 shares during the last quarter. Finally, Beaconlight Capital LLC raised its holdings in JELD-WEN by 6.9% in the 1st quarter. Beaconlight Capital LLC now owns 554,439 shares of the company's stock valued at $11,771,000 after acquiring an additional 35,708 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the transaction, the insider now owns 11,941,452 shares of the company's stock, valued at $125,146,416.96. This trade represents a 1.70 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their target price on shares of JELD-WEN from $13.00 to $9.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 6th. Barclays cut their price target on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. UBS Group decreased their target price on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, B. Riley cut their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $14.56.

JELD-WEN Stock Performance

JELD traded down $0.17 on Friday, reaching $10.19. The stock had a trading volume of 683,173 shares, compared to its average volume of 1,058,062. The firm has a 50-day moving average of $14.26 and a 200-day moving average of $14.56. JELD-WEN Holding, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

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