Victory Capital Management Inc. Acquires 67,604 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Victory Capital Management Inc. raised its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 64.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 172,126 shares of the company’s stock after purchasing an additional 67,604 shares during the period. Victory Capital Management Inc. owned 0.20% of JELD-WEN worth $2,319,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in JELD-WEN in the fourth quarter worth $622,000. Dimensional Fund Advisors LP increased its position in JELD-WEN by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,720,799 shares of the company’s stock valued at $51,370,000 after buying an additional 157,383 shares in the last quarter. Principal Financial Group Inc. raised its stake in JELD-WEN by 15.3% in the fourth quarter. Principal Financial Group Inc. now owns 35,401 shares of the company’s stock valued at $668,000 after buying an additional 4,705 shares during the last quarter. Norges Bank acquired a new stake in JELD-WEN in the fourth quarter worth about $9,783,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of JELD-WEN by 212.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 36,195 shares of the company’s stock worth $683,000 after acquiring an additional 24,594 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 price objective on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital lowered their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Barclays cut their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Finally, The Goldman Sachs Group lowered their price target on JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, JELD-WEN has an average rating of “Hold” and an average price target of $16.80.

JELD-WEN Stock Performance

Shares of JELD stock opened at $15.17 on Wednesday. The stock has a market cap of $1.30 billion, a PE ratio of 65.96 and a beta of 2.24. JELD-WEN Holding, Inc. has a 52-week low of $11.02 and a 52-week high of $21.75. The business has a 50-day simple moving average of $14.68 and a 200-day simple moving average of $16.14. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. The business had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts expect that JELD-WEN Holding, Inc. will post 1.31 EPS for the current year.

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.