JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 125,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock in a transaction on Tuesday, January 7th. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, the insider now owns 12,042,190 shares in the company, valued at approximately $95,133,301. This represents a 1.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% 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 Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The shares were bought at an average cost of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Price Performance

Shares of NYSE JELD opened at $7.75 on Friday. The company has a fifty day moving average price of $9.91 and a 200 day moving average price of $13.04. JELD-WEN Holding, Inc. has a 1-year low of $7.43 and a 1-year high of $21.75. The firm has a market cap of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. 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 posted its quarterly earnings data 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). The firm had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Research analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group lowered their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. B. Riley lowered their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Barclays reduced their price target 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. Jefferies Financial Group upped 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. Finally, Royal Bank of Canada reduced their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and a consensus price target of $12.88.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the last quarter. MQS Management LLC bought a new stake in JELD-WEN during the 3rd quarter worth about $160,000. Xponance Inc. bought a new stake in JELD-WEN during the 2nd quarter worth about $198,000. Diversified Trust Co boosted its stake in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of JELD-WEN by 13.2% in the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after acquiring an additional 2,100 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.