JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Purchases 70,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 70,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $5.97 per share, with a total value of $417,900.00. Following the completion of the acquisition, the insider now directly owns 12,485,051 shares of the company’s stock, valued at $74,535,754.47. The trade was a 0.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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, March 5th, Turtle Creek Asset Management bought 86,801 shares of JELD-WEN stock. The stock was bought at an average cost of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The shares were purchased at an average price of $6.08 per share, with a total value of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The stock was purchased 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 purchased 110,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The shares were acquired at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Up 0.6 %

Shares of JELD opened at $6.11 on Thursday. JELD-WEN Holding, Inc. has a 12-month low of $5.44 and a 12-month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $521.16 million, a PE ratio of -2.74 and a beta of 2.22. The business’s 50 day moving average is $7.49 and its 200 day moving average is $10.46.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Performa Ltd US LLC increased its holdings in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP bought a new stake in JELD-WEN in the 4th quarter worth approximately $46,000. US Bancorp DE raised its holdings in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of JELD-WEN during the 4th quarter valued at approximately $83,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of JELD-WEN in the fourth quarter valued at $100,000. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Truist Financial dropped their price target 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. Royal Bank of Canada reduced their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Barclays lowered their price objective on 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. UBS Group reduced their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.