JELD-WEN (NYSE:JELD) Stock: Insider Turtle Creek Asset Management Sells 300,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $1.16, for a total value of $348,000.00. Following the transaction, the insider owned 858,095 shares in the company, valued at $995,390.20. The trade was a 25.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

JELD-WEN Stock Performance

Shares of JELD stock opened at $1.04 on Friday. The company has a market cap of $90.68 million, a price-to-earnings ratio of -0.54 and a beta of 2.28. The stock has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $1.72. JELD-WEN Holding, Inc. has a 12-month low of $0.93 and a 12-month high of $3.27. The company has a current ratio of 1.82, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. JELD-WEN had a negative return on equity of 971.86% and a negative net margin of 5.26%. The firm had revenue of $798.51 million for the quarter, compared to the consensus estimate of $804.29 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JELD shares. UBS Group boosted their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Barclays reduced their price objective on shares of JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $2.00 price objective on shares of JELD-WEN in a report on Thursday, August 6th. Wall Street Zen upgraded shares of JELD-WEN from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $1.98.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Jefferies Financial Group Inc. raised its stake in shares of JELD-WEN by 16.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 882,000 shares of the company’s stock worth $1,623,000 after buying an additional 126,537 shares during the last quarter. Covestor Ltd grew its stake in JELD-WEN by 25,698.1% in the 3rd quarter. Covestor Ltd now owns 26,830 shares of the company’s stock valued at $49,000 after acquiring an additional 26,726 shares during the last quarter. SummerHaven Investment Management LLC acquired a new stake in JELD-WEN in the 3rd quarter valued at about $107,000. Squarepoint Ops LLC purchased a new position in JELD-WEN during the 2nd quarter valued at about $216,000. Finally, Corient Private Wealth LP purchased a new position in JELD-WEN during the 2nd quarter valued at about $40,000. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.