JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $437,760.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 72,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the completion of the purchase, the insider now directly owns 701,934 shares in the company, valued at $4,267,758.72. This represents a 11.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock 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 bought 26,336 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The stock was bought at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The shares were bought at an average price 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 price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Performance

JELD-WEN stock opened at $5.63 on Thursday. JELD-WEN Holding, Inc. has a fifty-two week low of $5.44 and a fifty-two week high of $21.75. 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 stock has a market cap of $477.79 million, a P/E ratio of -2.53 and a beta of 2.23. The firm’s fifty day moving average price is $8.11 and its 200-day moving average price is $11.30.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results 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 negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of JELD-WEN

A number of hedge funds have recently bought and sold shares of the company. Performa Ltd US LLC increased its stake in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP bought a new position in JELD-WEN during the 4th quarter valued at approximately $46,000. US Bancorp DE grew its position 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 worth $80,000 after buying an additional 7,025 shares during the last quarter. MQS Management LLC bought a new stake in JELD-WEN in the third quarter valued at $160,000. Finally, Brevan Howard Capital Management LP bought a new position in JELD-WEN in the 4th quarter worth $83,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JELD shares. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. UBS Group cut their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Barclays decreased their price target on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Finally, B. Riley lowered their price objective 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 research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, JELD-WEN 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.