JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 75,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 75,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $8.46 per share, with a total value of $634,500.00. Following the acquisition, the insider now owns 12,320,226 shares of the company’s stock, valued at approximately $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $7.90 per share, with a total value of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The shares were bought at an average price of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock. The stock was bought at an average price of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Trading Up 1.4 %

Shares of JELD opened at $9.49 on Friday. JELD-WEN Holding, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $21.75. The business has a 50-day moving average of $9.57 and a 200 day moving average of $12.86. The firm has a market cap of $802.62 million, a P/E ratio of -5.18 and a beta of 2.16. 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 (NYSE:JELD) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of JELD-WEN by 64.7% during the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after purchasing an additional 67,604 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of JELD-WEN by 10.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 149,434 shares of the company’s stock worth $2,013,000 after buying an additional 14,574 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after acquiring an additional 191,657 shares during the period. Edgestream Partners L.P. purchased a new position in JELD-WEN during the second quarter valued at approximately $817,000. Finally, First Eagle Investment Management LLC increased its holdings in JELD-WEN by 1.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 341,184 shares of the company’s stock worth $4,596,000 after acquiring an additional 4,500 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on JELD. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. Jefferies Financial Group upped their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. B. Riley cut their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.75.

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.