Turtle Creek Asset Management Buys 125,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 125,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $7.90 per share, with a total value of $987,500.00. Following the purchase, the insider now owns 12,042,190 shares of the company’s stock, valued at approximately $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 10th, Turtle Creek Asset Management bought 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 Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The shares were acquired at an average price of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Stock Performance

JELD opened at $7.75 on Friday. 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 $7.43 and a 52-week high of $21.75. The firm has a market cap of $655.81 million, a P/E ratio of -4.23 and a beta of 2.16. The business’s fifty day moving average is $9.78 and its 200-day moving average is $13.00.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JELD shares. UBS Group restated a “neutral” rating and issued a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research note on Wednesday. Barclays cut their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. B. Riley cut their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings 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 valued at $46,000 after purchasing an additional 1,284 shares in the last quarter. Sei Investments Co. lifted its position in shares of JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after buying an additional 2,100 shares during the last quarter. Diversified Trust Co boosted its stake in 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in JELD-WEN by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after acquiring an additional 3,066 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in JELD-WEN by 10.3% during the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares in the last quarter. 95.04% of the stock is owned by 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.