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 stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total transaction of $348,000.00. Following the transaction, the insider owned 858,095 shares in the company, valued at approximately $995,390.20. This represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

JELD-WEN Stock Up 3.5%

JELD-WEN stock traded up $0.04 during mid-day trading on Friday, reaching $1.04. 1,262,723 shares of the company were exchanged, compared to its average volume of 1,734,739. JELD-WEN Holding, Inc. has a 12-month low of $0.93 and a 12-month high of $3.27. The business has a fifty day moving average of $1.72 and a 200 day moving average of $1.73. The firm has a market cap of $90.66 million, a P/E ratio of -0.54 and a beta of 2.28. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $798.51 million during the quarter, compared to analyst estimates of $804.29 million. JELD-WEN had a negative return on equity of 365.10% and a negative net margin of 5.26%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JELD. Weiss Ratings upgraded shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. UBS Group increased their price objective on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Barclays lowered their target price on shares of JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $1.98.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently made changes to their positions in the stock. Pallas Capital Advisors LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $30,000. Wealthfront Advisers LLC acquired a new stake in JELD-WEN during the 2nd quarter worth about $34,000. Corient Private Wealth LP acquired a new stake in JELD-WEN during the 2nd quarter worth about $39,000. State of Wyoming purchased a new stake in JELD-WEN during the 1st quarter valued at about $33,000. Finally, Covestor Ltd grew its stake in JELD-WEN by 25,698.1% during the 3rd quarter. Covestor Ltd now owns 26,830 shares of the company’s stock valued at $49,000 after purchasing an additional 26,726 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.