JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 200,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was purchased at an average cost of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Trading Down 5.5 %

Shares of NYSE:JELD opened at $10.27 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The company’s 50 day moving average is $14.64 and its two-hundred day moving average is $14.99. The company has a market cap of $868.23 million, a PE ratio of -5.61 and a beta of 2.25. JELD-WEN Holding, Inc. has a 52 week low of $8.90 and a 52 week high of $21.75.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Innealta Capital LLC purchased a new position in JELD-WEN during the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC lifted its stake in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares during the period. Blue Trust Inc. lifted its stake in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares during the period. nVerses Capital LLC acquired a new stake in shares of JELD-WEN in the 2nd quarter worth $92,000. Finally, MQS Management LLC acquired a new stake in shares of JELD-WEN in the 3rd quarter worth $160,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group dropped 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 note on Wednesday. Loop Capital decreased their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley decreased their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, JELD-WEN currently has an average rating of “Hold” and a consensus price target of $14.90.

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.