Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases 450,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 450,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the acquisition, the insider now directly owns 11,751,912 shares of the company’s stock, valued at $118,224,234.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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, November 7th, Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00.

JELD-WEN Price Performance

Shares of NYSE JELD traded down $0.60 during trading hours on Thursday, reaching $10.27. 1,561,000 shares of the stock traded hands, compared to its average volume of 675,248. The company has a market capitalization of $868.23 million, a P/E ratio of -5.61 and a beta of 2.25. The company’s 50-day simple moving average is $14.64 and its two-hundred day simple moving average is $14.99. JELD-WEN Holding, Inc. has a 52-week low of $8.90 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 1.53.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently modified their holdings of JELD. Pzena Investment Management LLC lifted its stake in JELD-WEN by 26.3% in the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after acquiring an additional 1,939,052 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JELD-WEN by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after buying an additional 191,657 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in JELD-WEN by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after purchasing an additional 220,177 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.