Victory Capital Management Inc. Lowers Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Victory Capital Management Inc. trimmed its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 94.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,197 shares of the company's stock after selling 2,061,204 shares during the period. Victory Capital Management Inc. owned 0.14% of JELD-WEN worth $993,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in JELD-WEN by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock worth $18,226,000 after purchasing an additional 220,815 shares during the period. State Street Corp lifted its holdings in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company's stock worth $31,594,000 after buying an additional 21,264 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock worth $30,771,000 after acquiring an additional 9,468 shares during the last quarter. Alberta Investment Management Corp purchased a new position in JELD-WEN during the fourth quarter valued at $9,492,000. Finally, Hennessy Advisors Inc. increased its holdings in JELD-WEN by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock valued at $3,908,000 after acquiring an additional 30,400 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

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JELD-WEN Trading Up 5.0 %

Shares of JELD-WEN stock traded up $0.30 during trading on Monday, hitting $6.25. The stock had a trading volume of 1,495,140 shares, compared to its average volume of 811,592. The stock has a market cap of $533.11 million, a PE ratio of -2.80 and a beta of 2.22. JELD-WEN Holding, Inc. has a 12 month low of $5.44 and a 12 month high of $21.75. The firm's fifty day simple moving average is $7.59 and its 200-day simple moving average is $10.56. 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 announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

JELD has been the subject of a number of research analyst reports. StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Truist Financial reduced their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. UBS Group decreased their price objective on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their price target on shares of JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays dropped their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9.06.

Insider Activity at JELD-WEN

In other news, Director Steven E. Wynne acquired 10,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $60,100.00. Following the acquisition, the director now directly owns 28,000 shares of the company's stock, valued at $168,280. This trade represents a 55.56 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management bought 110,000 shares of the stock in a transaction on Friday, January 10th. The stock was purchased at an average price of $7.65 per share, with a total value of $841,500.00. Following the completion of the acquisition, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 525,137 shares of company stock worth $3,719,287 in the last quarter. 1.03% of the stock is owned by company insiders.

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.