JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $987,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the purchase, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Friday, January 10th, Turtle Creek Asset Management purchased 110,000 shares of JELD-WEN stock. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $10.48 per share, for a total transaction of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Stock Up 0.5 %

NYSE JELD traded up $0.04 during trading on Friday, hitting $7.75. The stock had a trading volume of 967,816 shares, compared to its average volume of 804,536. The company’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $13.04. 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 company has a market capitalization of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. JELD-WEN Holding, Inc. has a 12 month low of $7.43 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue was down 13.2% on a year-over-year basis. As a group, sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after acquiring an additional 261,157 shares during the period. Dimensional Fund Advisors LP raised its holdings in JELD-WEN by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after acquiring an additional 191,657 shares in the last quarter. Victory Capital Management Inc. lifted its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares during the period. Finally, State Street Corp boosted its holdings in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on JELD. The Goldman Sachs Group lowered their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. UBS Group reiterated a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.88.

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.