Turtle Creek Asset Management Acquires 110,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 110,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was purchased at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the acquisition, the insider now owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The shares were acquired at an average price of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Trading Up 0.5 %

Shares of JELD-WEN stock opened at $7.75 on Friday. The firm has a market cap of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. JELD-WEN Holding, Inc. has a 1 year low of $7.43 and a 1 year 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. The stock has a fifty day moving average price of $9.78 and a 200-day moving average price of $13.00.

JELD-WEN (NYSE:JELD) last posted 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 positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter last year, the business posted $0.53 EPS. The business’s quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JELD. B. Riley decreased their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. Jefferies Financial Group upped their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group dropped their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.88.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. Engine Capital Management LP increased its holdings in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Pzena Investment Management LLC raised its stake in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after acquiring an additional 261,157 shares during the period. Finally, Beaconlight Capital LLC lifted its holdings in JELD-WEN by 227.9% during the third quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after purchasing an additional 192,724 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.