JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 26,336 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $5.73 per share, with a total value of $150,905.28. Following the completion of the transaction, the insider now owns 774,934 shares of the company’s stock, valued at approximately $4,440,371.82. This trade represents a 3.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% 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 Thursday, February 27th, Turtle Creek Asset Management acquired 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 bought at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The shares were bought 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 shares were bought at an average cost of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Up 1.6 %

JELD stock opened at $5.59 on Tuesday. The company has a market cap of $474.31 million, a PE ratio of -2.51 and a beta of 2.17. The business has a 50-day simple moving average of $8.22 and a 200 day simple moving average of $11.42. JELD-WEN Holding, Inc. has a 52 week low of $5.45 and a 52 week high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JELD. Barclays reduced their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reduced 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. B. Riley reduced 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. Finally, Loop Capital reduced their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.06.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JELD. Victory Capital Management Inc. raised its stake in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. Pzena Investment Management LLC raised its stake in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after acquiring an additional 1,583,238 shares in the last quarter. Alberta Investment Management Corp acquired a new position in JELD-WEN during the fourth quarter worth about $9,492,000. Parkwood LLC acquired a new position in JELD-WEN during the fourth quarter worth about $8,815,000. Finally, Turtle Creek Asset Management Inc. raised its stake in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.