Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $2,096,000.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the transaction, the insider now owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Tuesday, November 5th, Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Trading Up 6.6 %

Shares of NYSE JELD opened at $10.96 on Friday. JELD-WEN Holding, Inc. has a 1-year low of $8.90 and a 1-year high of $21.75. The company has a 50-day moving average of $14.57 and a two-hundred day moving average of $14.91. The company has a market cap of $927.44 million, a PE ratio of -5.99 and a beta of 2.25. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on JELD shares. Barclays dropped their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Jefferies Financial Group increased their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Loop Capital reduced their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Royal Bank of Canada decreased their price objective on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.90.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently made changes to their positions in the company. First Eagle Investment Management LLC raised its holdings in JELD-WEN by 33.7% during the 1st quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock worth $7,148,000 after purchasing an additional 84,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after buying an additional 1,017,275 shares during the period. Victory Capital Management Inc. boosted its stake in JELD-WEN by 64.7% in the second quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after acquiring an additional 67,604 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in JELD-WEN during the 2nd quarter worth $817,000. Finally, Engine Capital Management LP raised its position in shares of JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after acquiring an additional 803,095 shares during 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.