JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases $634,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 75,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $8.46 per share, with a total value of $634,500.00. Following the purchase, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The stock was acquired at an average price of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded up $0.38 during midday trading on Wednesday, hitting $9.34. The stock had a trading volume of 802,004 shares, compared to its average volume of 859,178. The company has a market capitalization of $790.35 million, a PE ratio of -5.10 and a beta of 2.16. JELD-WEN Holding, Inc. has a 1 year low of $7.43 and a 1 year high of $21.75. The stock has a 50 day moving average price of $9.64 and a two-hundred day moving average price of $12.94. 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 (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period last year, the company posted $0.53 earnings per share. The business’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $9.00 price target (down from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Barclays dropped their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Finally, B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.75.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares in the last quarter. MQS Management LLC purchased a new position in JELD-WEN in the third quarter valued at about $160,000. Xponance Inc. acquired a new stake in shares of JELD-WEN during the 2nd quarter valued at approximately $198,000. K2 Principal Fund L.P. purchased a new stake in shares of JELD-WEN during the 3rd quarter worth approximately $278,000. Finally, Sei Investments Co. boosted its stake in shares of JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock worth $242,000 after acquiring an additional 2,100 shares in the last quarter. 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.