JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $150,905.28 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 26,336 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $5.73 per share, for a total transaction of $150,905.28. Following the acquisition, the insider now owns 774,934 shares of the company’s stock, valued at $4,440,371.82. This represents a 3.52 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% 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 Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The shares were bought at an average cost of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The shares were purchased at an average price of $8.46 per share, for a total transaction of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were purchased 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 shares were purchased at an average price of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Performance

Shares of JELD opened at $5.63 on Thursday. 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 capitalization of $477.79 million, a P/E ratio of -2.53 and a beta of 2.23. The company’s fifty day moving average is $8.11 and its two-hundred day moving average is $11.30. JELD-WEN Holding, Inc. has a 1 year low of $5.44 and a 1 year high of $21.75.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. On average, sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. grew its stake in shares of JELD-WEN by 7.2% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the period. Pzena Investment Management LLC grew its stake in shares of JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the period. Vanguard Group Inc. grew its stake in shares of JELD-WEN by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company’s stock worth $69,984,000 after purchasing an additional 101,944 shares during the period. American Century Companies Inc. grew its stake in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after purchasing an additional 634,101 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of JELD-WEN by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company’s stock worth $30,319,000 after purchasing an additional 146,581 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

JELD has been the topic of a number of research analyst reports. Barclays cut their target price on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. StockNews.com raised shares of JELD-WEN from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. B. Riley cut their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Truist Financial cut their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Finally, Loop Capital cut their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.