JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 72,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 72,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $437,760.00. Following the completion of the acquisition, the insider now directly owns 701,934 shares of the company’s stock, valued at approximately $4,267,758.72. This trade represents a 11.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $8.46 per share, for a total transaction of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $7.65 per share, for a total transaction of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $5.59 on Tuesday. The firm has a market cap of $474.31 million, a PE ratio of -2.51 and a beta of 2.17. The firm’s fifty day moving average is $8.22 and its 200-day moving average is $11.42. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a 52 week low of $5.45 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last issued 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 business had revenue of $895.70 million for 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%. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Diversified Trust Co raised its stake in JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the last quarter. MetLife Investment Management LLC raised its stake in JELD-WEN by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after buying an additional 3,066 shares during the last quarter. BNP Paribas Financial Markets increased its stake in JELD-WEN by 10.3% in the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after purchasing an additional 3,383 shares in the last quarter. Performa Ltd US LLC increased its stake in JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock valued at $412,000 after purchasing an additional 4,944 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of a number of recent analyst reports. UBS Group decreased their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised shares of JELD-WEN from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Barclays cut their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Loop Capital cut their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. Finally, B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus price target of $9.06.

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.