JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 50,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 50,000 shares of the company’s stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $298,500.00. Following the completion of the transaction, the insider now owns 12,524,901 shares in the company, valued at approximately $74,773,658.97. The trade was a 0.40 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, March 21st, Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The shares were bought at an average price of $5.62 per share, for a total transaction of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The stock was bought at an average price of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The shares were bought at an average cost of $6.08 per share, with a total value of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock. The shares were purchased at an average price of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management purchased 110,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $5.76 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $10.06. The stock has a market cap of $491.28 million, a PE ratio of -2.58 and a beta of 1.92. JELD-WEN Holding, Inc. has a one year low of $5.32 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. On average, analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently modified their holdings of the company. Performa Ltd US LLC grew its stake in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares during the period. Quarry LP purchased a new stake in shares of JELD-WEN in the fourth quarter valued at $46,000. US Bancorp DE grew its position in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares during the period. Brevan Howard Capital Management LP acquired a new position in JELD-WEN in the fourth quarter valued at $83,000. Finally, Boothbay Fund Management LLC purchased a new position in JELD-WEN during the fourth quarter worth about $100,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of a number of analyst reports. Truist Financial decreased their price target 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 lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Loop Capital lowered their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.06.

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.