Turtle Creek Asset Management Buys 110,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the acquisition, the insider now directly owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, January 7th, Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock. The stock was purchased at an average price of $7.90 per share, with a total value of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $10.48 per share, for a total transaction of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock. The shares were purchased at an average price of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Trading Up 0.5 %

Shares of JELD traded up $0.04 during mid-day trading on Friday, reaching $7.75. The company’s stock had a trading volume of 967,816 shares, compared to its average volume of 804,536. 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 52 week low of $7.43 and a 52 week high of $21.75. The company’s fifty day moving average price is $9.91 and its two-hundred day moving average price is $13.04. The stock has a market cap of $655.81 million, a PE ratio of -4.23 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after buying an additional 9,468 shares during the period. Edgestream Partners L.P. bought a new stake in JELD-WEN during the 2nd quarter valued at $817,000. Vaughan Nelson Investment Management L.P. boosted its position in JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. Finally, Engine Capital Management LP grew its holdings in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JELD has been the subject of several research analyst reports. B. Riley dropped their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. UBS Group reaffirmed a “neutral” rating and issued a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday. Barclays cut their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.88.

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.