Turtle Creek Asset Management Buys 50,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of $5.16 per share, with a total value of $258,000.00. Following the completion of the purchase, the insider now owns 12,828,937 shares in the company, valued at $66,197,314.92. The trade was a 0.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Monday, April 7th, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.86 per share, for a total transaction of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.97 per share, with a total value of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The stock was bought at an average price of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The shares were bought at an average price 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 bought 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 purchased 75,000 shares of JELD-WEN stock. The shares were bought at an average price 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 purchased at an average cost of $7.65 per share, for a total transaction of $841,500.00.

JELD-WEN Trading Up 0.5 %

NYSE:JELD opened at $5.22 on Friday. JELD-WEN Holding, Inc. has a 12-month low of $4.91 and a 12-month high of $21.75. The firm has a market cap of $445.95 million, a PE ratio of -2.34 and a beta of 1.93. 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 stock has a fifty day moving average price of $6.45 and a 200 day moving average price of $9.63.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $860.82 million. Sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. Loop Capital reduced their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. 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 research report on Wednesday, February 19th. Finally, Barclays lowered their price target on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. Two 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in JELD-WEN by 1,054.6% in the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock valued at $88,000 after buying an additional 13,436 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of JELD-WEN in the 4th quarter valued at about $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JELD-WEN by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company’s stock worth $1,776,000 after acquiring an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in JELD-WEN during the fourth quarter worth approximately $888,000. Finally, Squarepoint Ops LLC acquired a new position in JELD-WEN in the fourth quarter valued at approximately $240,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.