Turtle Creek Asset Management Buys 26,411 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 26,411 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $5.06 per share, for a total transaction of $133,639.66. Following the completion of the purchase, the insider now directly owns 13,109,018 shares in the company, valued at $66,331,631.08. This represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large 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, April 16th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.11 per share, with a total value of $255,500.00.
• On Monday, April 14th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.15 per share, with a total value of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.16 per share, with a total value of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The shares were bought at an average cost of $5.86 per share, with a total value of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were purchased at an average price of $5.97 per share, with a total value of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN stock. The shares were purchased at an average price of $5.62 per share, for a total transaction of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The shares were bought at an average cost 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 shares were acquired at an average cost of $6.08 per share, for a total transaction of $437,760.00.

JELD-WEN Price Performance

JELD traded up $0.04 during midday trading on Monday, hitting $5.20. The company had a trading volume of 3,900,298 shares, compared to its average volume of 915,518. JELD-WEN Holding, Inc. has a twelve month low of $4.91 and a twelve month high of $21.75. The firm’s 50-day simple moving average is $5.95 and its 200-day simple moving average is $9.06. The company has a market capitalization of $443.90 million, a PE ratio of -2.33 and a beta of 1.93. 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 (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The firm 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 research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after purchasing an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of JELD-WEN in the 4th quarter valued at about $9,492,000. Parkwood LLC acquired a new stake in JELD-WEN in the 4th quarter valued at about $8,815,000. Turtle Creek Asset Management Inc. grew its holdings in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the period. Finally, American Century Companies Inc. raised its stake in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after buying an additional 634,101 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

JELD has been the topic of several recent research reports. Royal Bank of Canada cut their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. UBS Group decreased their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays decreased their target price on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial lowered their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and an average price target of $8.94.

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.