JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases $298,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $5.97 per share, for a total transaction of $298,500.00. Following the completion of the transaction, the insider now owns 12,524,901 shares in the company, valued at $74,773,658.97. The trade was a 0.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 Friday, March 21st, Turtle Creek Asset Management acquired 70,000 shares of JELD-WEN stock. The shares were bought at an average cost of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management bought 86,801 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.62 per share, for a total transaction 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, with a total value 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 cost 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 shares were purchased at an average price of $8.46 per share, with a total value 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 price 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 acquired at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Price Performance

Shares of JELD opened at $5.76 on Friday. JELD-WEN Holding, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $21.75. The firm’s 50-day simple moving average is $6.92 and its two-hundred day simple moving average is $10.06. The stock has a market cap of $491.28 million, a PE ratio of -2.58 and a beta of 1.92. 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 posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share 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%. Analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several large investors have recently modified their holdings of JELD. PharVision Advisers LLC purchased a new stake in JELD-WEN during the 4th quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of JELD-WEN by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock valued at $1,776,000 after buying an additional 31,640 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $888,000. Squarepoint Ops LLC purchased a new position in JELD-WEN in the 4th quarter worth approximately $240,000. Finally, Turtle Creek Asset Management Inc. lifted its position in JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JELD shares. Truist Financial decreased their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Loop Capital dropped their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. StockNews.com cut shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Barclays lowered their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.06.

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.