JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 70,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 70,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $5.97 per share, for a total transaction of $417,900.00. Following the transaction, the insider now owns 12,485,051 shares in the company, valued at $74,535,754.47. The trade was a 0.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The stock was acquired 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 purchased 26,336 shares of JELD-WEN stock. The shares were bought at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The shares were acquired 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 acquired 75,000 shares of JELD-WEN stock. The stock was bought at an average cost 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 acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Down 2.4 %

Shares of NYSE JELD opened at $6.08 on Wednesday. The company has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $10.51. 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 1 year low of $5.44 and a 1 year high of $21.75. The firm has a market cap of $519.03 million, a PE ratio of -2.73 and a beta of 2.22.

JELD-WEN (NYSE:JELD) last released its quarterly 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 negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in shares of 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 buying an additional 1,583,238 shares during the period. Alberta Investment Management Corp acquired a new stake in JELD-WEN during the 4th quarter valued at approximately $9,492,000. Parkwood LLC bought a new position in JELD-WEN during the 4th quarter worth approximately $8,815,000. Turtle Creek Asset Management Inc. lifted its position in shares of JELD-WEN by 7.2% in 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. Finally, American Century Companies Inc. boosted its stake in shares of JELD-WEN by 12.3% in the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after purchasing an additional 634,101 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on JELD shares. UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Loop Capital dropped their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Truist Financial decreased their price target 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, Barclays dropped their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, JELD-WEN has an average rating of “Hold” and a consensus price target of $9.06.

About JELD-WEN

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.