JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases $257,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of $5.15 per share, with a total value of $257,500.00. Following the transaction, the insider now directly owns 12,928,563 shares of the company’s stock, valued at $66,582,099.45. This represents a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major 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, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.16 per share, with a total value of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.46 per share, for a total transaction of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was acquired at an average price of $5.86 per share, with a total value of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.97 per share, for a total transaction of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN stock. The shares were bought at an average price of $5.62 per share, for a total transaction of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The stock was bought at an average cost of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The stock was purchased at an average price of $6.08 per share, for a total transaction of $437,760.00.

JELD-WEN Stock Up 1.3 %

Shares of JELD stock opened at $5.15 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a one year low of $4.91 and a one year high of $21.75. The company’s fifty day moving average price is $6.18 and its 200-day moving average price is $9.38. The company has a market capitalization of $439.21 million, a price-to-earnings ratio of -2.31 and a beta of 1.93.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Performa Ltd US LLC grew its holdings in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after buying an additional 3,950 shares in the last quarter. Quarry LP bought a new position in shares of JELD-WEN during the fourth quarter worth $46,000. US Bancorp DE grew its stake in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in JELD-WEN in the 4th quarter valued at $83,000. Finally, GAMMA Investing LLC lifted its stake in JELD-WEN by 1,054.6% in the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company’s stock worth $88,000 after purchasing an additional 13,436 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Loop Capital lowered their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. UBS Group lowered their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group dropped their price objective 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. StockNews.com downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada cut their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.94.

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.