Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $417,900.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 70,000 shares of the stock in a transaction on Friday, March 21st. The stock was bought at an average price of $5.97 per share, for a total transaction of $417,900.00. Following the completion of the purchase, the insider now directly owns 12,485,051 shares in the company, valued at approximately $74,535,754.47. The trade was a 0.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The shares were bought 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 shares were purchased 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 bought 72,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The shares were purchased 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 bought 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 purchased 125,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Trading Up 2.5 %

Shares of JELD opened at $6.27 on Friday. JELD-WEN Holding, Inc. has a 1-year low of $5.44 and a 1-year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $7.36 and a 200-day simple moving average of $10.40. The stock has a market cap of $534.82 million, a price-to-earnings ratio of -2.81 and a beta of 2.22.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share 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 positive return on equity of 7.14% and a negative net margin of 5.01%. Equities analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JELD has been the subject of several research analyst reports. Barclays cut their price objective on 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. Loop Capital decreased their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Truist Financial decreased 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. Finally, The Goldman Sachs Group dropped their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus price target of $9.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in shares of JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares during the last quarter. MetLife Investment Management LLC grew its stake in JELD-WEN by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after acquiring an additional 3,066 shares during the period. BNP Paribas Financial Markets raised its holdings in JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after acquiring an additional 3,383 shares during the last quarter. Performa Ltd US LLC lifted its stake in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of JELD-WEN by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock worth $412,000 after purchasing an additional 4,944 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.