Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires 200,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 200,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 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 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, for a total transaction of $4,527,000.00.

JELD-WEN Stock Performance

Shares of NYSE JELD traded down $0.60 during trading on Thursday, reaching $10.27. 1,561,000 shares of the stock traded hands, compared to its average volume of 675,248. The company has a 50-day moving average of $14.64 and a 200-day moving average of $14.99. The stock has a market capitalization of $868.23 million, a P/E ratio of -5.61 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 52-week low of $8.90 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 negative net margin of 3.98% and a positive return on equity of 11.97%. JELD-WEN’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Analysts forecast that JELD-WEN Holding, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JELD. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group decreased their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. Barclays cut their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, B. Riley cut their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, JELD-WEN currently has an average rating of “Hold” and a consensus target price of $14.90.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently made changes to their positions in JELD. Allspring Global Investments Holdings LLC grew its holdings in JELD-WEN by 790.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of JELD-WEN by 26.6% in the first quarter. BNP Paribas Financial Markets now owns 52,153 shares of the company’s stock worth $1,107,000 after buying an additional 10,943 shares during the period. Empowered Funds LLC raised its holdings in shares of JELD-WEN by 8.2% in the first quarter. Empowered Funds LLC now owns 359,817 shares of the company’s stock worth $7,639,000 after buying an additional 27,234 shares during the period. Russell Investments Group Ltd. grew its stake in JELD-WEN by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock worth $2,359,000 after purchasing an additional 12,330 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in JELD-WEN by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after purchasing an additional 1,205 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.