JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Purchases 100,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $5.86 per share, with a total value of $586,000.00. Following the acquisition, the insider now owns 12,664,379 shares in the company, valued at $74,213,260.94. The trade was a 0.80 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% 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 Monday, April 7th, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were bought at an average cost of $5.97 per share, for a total transaction of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The stock was purchased at an average price 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 acquired 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 acquired at an average price 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 stock was acquired at an average price of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock. The shares were bought at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The stock was bought 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 purchased 125,000 shares of JELD-WEN stock. The shares were bought at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Performance

JELD stock traded down $0.29 during midday trading on Monday, reaching $5.49. 1,188,369 shares of the company’s stock traded hands, compared to its average volume of 868,378. JELD-WEN Holding, Inc. has a 52 week low of $5.19 and a 52 week high of $21.75. The company has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $9.92. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market capitalization of $468.23 million, a PE ratio of -2.46 and a beta of 1.92.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JELD. Truist Financial cut their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Barclays lowered their target price on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Loop Capital cut their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.06.

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently bought and sold shares of JELD. Turtle Creek Asset Management Inc. increased its holdings in shares of JELD-WEN by 7.2% in 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. Pzena Investment Management LLC grew 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 worth $91,443,000 after buying an additional 1,583,238 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock valued at $69,984,000 after acquiring an additional 101,944 shares in the last quarter. American Century Companies Inc. boosted its position in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after acquiring an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock worth $30,319,000 after purchasing an additional 146,581 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

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.