Turtle Creek Asset Management Buys 26,411 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 26,411 shares of JELD-WEN stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $5.06 per share, with a total value of $133,639.66. Following the transaction, the insider now owns 13,109,018 shares in the company, valued at approximately $66,331,631.08. This represents a 0.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Wednesday, April 16th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were acquired at an average price of $5.11 per share, with a total value of $255,500.00.
• On Monday, April 14th, Turtle Creek Asset Management acquired 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 bought 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 bought 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 acquired 100,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.86 per share, for a total transaction of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management bought 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 purchased 70,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN stock. The shares were purchased 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 acquired at an average price of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $437,760.00.

JELD-WEN Trading Up 0.8 %

JELD stock opened at $5.20 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market cap of $443.90 million, a P/E ratio of -2.33 and a beta of 1.93. JELD-WEN Holding, Inc. has a 1-year low of $4.91 and a 1-year high of $21.75. The business’s 50 day moving average is $5.95 and its 200-day moving average is $9.06.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (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 the consensus estimate of $860.82 million. Equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered their price objective 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. Royal Bank of Canada cut their target price 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. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, Truist Financial dropped their price target on shares of 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 analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.94.

Institutional Trading of JELD-WEN

Several large investors have recently added to or reduced their stakes in JELD. Geode Capital Management LLC grew its position in JELD-WEN by 0.5% during the 3rd 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. State Street Corp increased its stake 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 valued at $31,594,000 after buying an additional 21,264 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of JELD-WEN by 11.0% in the fourth 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 last quarter. Hennessy Advisors Inc. lifted its position in JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company’s stock worth $3,908,000 after buying an additional 30,400 shares in the last quarter. Finally, US Bancorp DE grew its holdings in JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

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.