JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $639,000.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 150,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $4.26 per share, with a total value of $639,000.00. Following the acquisition, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. This represents a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Wednesday, April 23rd, Turtle Creek Asset Management bought 2,856 shares of JELD-WEN stock. The stock was bought at an average price of $5.10 per share, with a total value of $14,565.60.
• On Monday, April 21st, Turtle Creek Asset Management bought 26,411 shares of JELD-WEN stock. The stock was bought at an average price of $5.06 per share, with a total value of $133,639.66.
• On Wednesday, April 16th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.11 per share, with a total value of $255,500.00.
• On Monday, April 14th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.15 per share, with a total value of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.16 per share, with a total value of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management purchased 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 shares were acquired at an average cost of $5.86 per share, with a total value of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management purchased 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 purchased 70,000 shares of JELD-WEN stock. The shares were acquired 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 purchased 86,801 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.62 per share, with a total value of $487,821.62.

JELD-WEN Trading Up 6.8%

JELD opened at $4.22 on Monday. The firm has a market cap of $360.24 million, a price-to-earnings ratio of -1.89 and a beta of 1.86. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 12 month low of $3.95 and a 12 month high of $17.70. The stock has a fifty day moving average price of $5.55 and a 200-day moving average price of $8.06.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JELD has been the subject of a number of research analyst reports. StockNews.com raised JELD-WEN from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Royal Bank of Canada decreased their target price on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research report on Wednesday, May 7th. Barclays decreased their target price on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group decreased their target price on JELD-WEN from $7.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their target price on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.34.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. boosted its holdings in 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 acquiring an additional 1,000,000 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after acquiring an additional 1,583,238 shares in the last quarter. Vanguard Group Inc. boosted its holdings in JELD-WEN by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after acquiring an additional 101,944 shares in the last quarter. American Century Companies Inc. boosted its holdings in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after acquiring an additional 634,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 146,581 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.