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

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were acquired at an average price of $5.11 per share, with a total value of $255,500.00. Following the completion of the transaction, the insider now directly owns 13,008,264 shares of the company’s stock, valued at $66,472,229.04. This trade represents a 0.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 21st, Turtle Creek Asset Management acquired 26,411 shares of JELD-WEN stock. The stock was bought at an average cost of $5.06 per share, with a total value of $133,639.66.
• On Monday, April 14th, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.15 per share, with a total value of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.16 per share, for a total transaction of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.86 per share, for a total transaction of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.97 per share, with a total value of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The shares were acquired at an average price of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The shares were acquired at an average price of $6.08 per share, for a total transaction of $437,760.00.

JELD-WEN Price Performance

NYSE:JELD opened at $5.20 on Tuesday. The stock has a 50 day moving average price of $5.95 and a 200 day moving average price of $9.06. The stock has a market cap of $443.90 million, a PE ratio of -2.33 and a beta of 1.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a one year low of $4.91 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in JELD-WEN by 0.5% in 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 period. State Street Corp increased its position in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $18,226,000 after buying an additional 220,815 shares during the period. Hennessy Advisors Inc. lifted its position in JELD-WEN by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock valued at $3,908,000 after buying an additional 30,400 shares during the last quarter. Finally, US Bancorp DE boosted its stake in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after buying an additional 7,025 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JELD. UBS Group reduced their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Barclays reduced their target price on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial lowered 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. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.94.

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.