JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Purchases 86,801 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 86,801 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $5.62 per share, for a total transaction of $487,821.62. Following the acquisition, the insider now owns 12,389,409 shares of the company’s stock, valued at approximately $69,628,478.58. This trade represents a 0.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 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 Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The stock was 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 bought 72,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $6.08 per share, for a total transaction 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 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 Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Performance

JELD-WEN stock opened at $6.17 on Monday. 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 firm has a 50-day moving average of $7.96 and a 200-day moving average of $11.15. The firm has a market cap of $523.10 million, a P/E ratio of -2.76 and a beta of 2.22. JELD-WEN Holding, Inc. has a 1-year low of $5.44 and a 1-year high of $21.75.

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). The firm had revenue of $895.70 million for 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%. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Institutional Trading of JELD-WEN

A number of institutional investors have recently modified their holdings of JELD. Victory Capital Management Inc. boosted its holdings in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. MQS Management LLC purchased a new stake in JELD-WEN in the third quarter worth about $160,000. Empowered Funds LLC lifted its holdings in JELD-WEN by 5.4% in the third quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock worth $6,458,000 after buying an additional 20,770 shares during the period. Natixis Advisors LLC lifted its holdings in JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock worth $6,508,000 after buying an additional 180,511 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after buying an additional 764,645 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JELD. Barclays reduced 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. UBS Group cut their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Loop Capital cut their price target 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 lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, JELD-WEN currently has a consensus rating of “Hold” and a consensus target price 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.