JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Buys 86,801 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 86,801 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $5.62 per share, with a total value of $487,821.62. Following the completion of the transaction, the insider now directly owns 12,389,409 shares of the company’s stock, valued at $69,628,478.58. This trade represents a 0.71 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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 Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was purchased at an average price of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The stock was purchased at an average price of $6.08 per share, with a total value of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock. The stock was purchased at an average price of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The stock was bought at an average cost of $7.65 per share, for a total transaction of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The stock was bought at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Up 4.1 %

Shares of NYSE JELD opened at $6.17 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 52 week low of $5.44 and a 52 week high of $21.75. The firm’s fifty day moving average is $8.01 and its 200 day moving average is $11.22. The company has a market cap of $523.10 million, a price-to-earnings ratio of -2.76 and a beta of 2.23.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Trading of JELD-WEN

Large investors have recently added to or reduced their stakes in the stock. Performa Ltd US LLC boosted its holdings in JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares in the last quarter. Quarry LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at $46,000. US Bancorp DE boosted its holdings in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after buying an additional 7,025 shares in the last quarter. MQS Management LLC bought a new stake in shares of JELD-WEN during the 3rd quarter valued at $160,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at $83,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JELD. StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group lowered their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada lowered 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 lowered their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, JELD-WEN presently has a consensus rating of “Hold” and an average price target of $9.06.

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.