JELD-WEN Holding, Inc. (NYSE:JELD) Stock Holdings Lifted by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. lifted its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,842,920 shares of the company’s stock after buying an additional 1,000,000 shares during the quarter. JELD-WEN makes up about 3.2% of Turtle Creek Asset Management Inc.’s holdings, making the stock its 18th largest holding. Turtle Creek Asset Management Inc. owned approximately 0.18% of JELD-WEN worth $121,564,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC lifted its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in JELD-WEN in the fourth quarter valued at approximately $9,492,000. Parkwood LLC acquired a new stake in JELD-WEN in the fourth quarter valued at approximately $8,815,000. American Century Companies Inc. lifted its stake in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after acquiring an additional 634,101 shares during the last quarter. Finally, AYAL Capital Advisors Ltd acquired a new stake in JELD-WEN in the fourth quarter valued at approximately $5,055,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other JELD-WEN news, Director David G. Nord acquired 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the acquisition, the director now owns 40,000 shares of the company’s stock, valued at $238,400. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven E. Wynne acquired 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, with a total value of $60,100.00. Following the completion of the acquisition, the director now directly owns 28,000 shares in the company, valued at $168,280. This represents a 55.56% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 864,404 shares of company stock worth $4,662,392 over the last three months. 1.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JELD. Barclays dropped their price target on shares of JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Loop Capital dropped their price target on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group dropped their price target on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.34.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $4.04 on Friday. JELD-WEN Holding, Inc. has a 1-year low of $3.73 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The business has a fifty day moving average price of $5.37 and a 200-day moving average price of $7.75. The company has a market capitalization of $344.45 million, a PE ratio of -1.81 and a beta of 1.86.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. During the same period last year, the company earned $0.21 earnings per share. The company’s revenue was down 19.1% on a year-over-year basis. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

JELD-WEN 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.