JELD-WEN (NYSE:JELD) Major Shareholder Sells $348,000.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $1.16, for a total value of $348,000.00. Following the transaction, the insider directly owned 858,095 shares of the company’s stock, valued at $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

JELD-WEN Stock Up 2.5%

NYSE:JELD opened at $1.04 on Monday. The company has a debt-to-equity ratio of 97.65, a quick ratio of 1.06 and a current ratio of 1.82. The company has a market cap of $90.69 million, a PE ratio of -0.54 and a beta of 2.28. JELD-WEN Holding, Inc. has a 52-week low of $0.93 and a 52-week high of $3.27. The stock has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $1.72.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. JELD-WEN had a negative net margin of 5.26% and a negative return on equity of 971.86%. The firm had revenue of $798.51 million during the quarter, compared to analysts’ expectations of $804.29 million.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. UBS Group lifted their price target on JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded JELD-WEN from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 price objective on shares of JELD-WEN in a report on Thursday, August 6th. Finally, Barclays lowered their price objective on JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.98.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in JELD-WEN in the second quarter valued at about $30,000. State of Wyoming acquired a new position in JELD-WEN during the first quarter worth about $33,000. Wealthfront Advisers LLC acquired a new position in JELD-WEN during the second quarter worth about $34,000. Corient Private Wealth LP acquired a new position in JELD-WEN during the second quarter worth about $39,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of JELD-WEN by 70.2% in the first quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company’s stock worth $48,000 after acquiring an additional 15,998 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.