JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $417,900.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 70,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was bought at an average price of $5.97 per share, with a total value of $417,900.00. Following the completion of the acquisition, the insider now directly owns 12,485,051 shares in the company, valued at approximately $74,535,754.47. This represents a 0.56 % 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 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 Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.62 per share, for a total transaction of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The stock was acquired at an average price of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The stock was bought at an average price of $8.46 per share, for a total transaction 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 acquired 125,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Trading Down 2.4 %

JELD stock traded down $0.15 during midday trading on Tuesday, reaching $6.08. 1,694,945 shares of the company traded hands, compared to its average volume of 811,552. The firm has a market capitalization of $519.03 million, a price-to-earnings ratio of -2.73 and a beta of 2.22. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business has a 50 day moving average of $7.55 and a 200-day moving average of $10.51. JELD-WEN Holding, Inc. has a 52-week low of $5.44 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million during the quarter, compared to analysts’ expectations of $860.82 million. As a group, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently made changes to their positions in the company. Performa Ltd US LLC grew its stake in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares during the last quarter. Quarry LP acquired a new stake in JELD-WEN during the 4th quarter valued at approximately $46,000. US Bancorp DE boosted its holdings in shares of JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN in the fourth quarter worth $83,000. Finally, Boothbay Fund Management LLC acquired a new position in JELD-WEN during the fourth quarter valued at $100,000. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on JELD shares. The Goldman Sachs Group cut their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. UBS Group decreased their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report 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, Truist Financial reduced their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and an average price target of $9.06.

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.