Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires 50,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $5.97 per share, for a total transaction of $298,500.00. Following the completion of the transaction, the insider now owns 12,524,901 shares in the company, valued at $74,773,658.97. The trade was a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The shares were acquired at an average price of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was bought at an average price of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The shares were bought at an average price of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The stock was bought at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management acquired 110,000 shares of JELD-WEN stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Up 4.3 %

JELD stock opened at $6.09 on Thursday. The stock has a market capitalization of $519.88 million, a P/E ratio of -2.73 and a beta of 2.22. The business has a 50-day moving average of $7.08 and a 200-day moving average of $10.16. 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 fifty-two week low of $5.44 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share 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 the consensus estimate of $860.82 million. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in JELD-WEN during the third quarter valued at approximately $293,000. BNP Paribas Financial Markets grew its stake in JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after buying an additional 3,383 shares during the last quarter. State Street Corp increased its stake in shares of JELD-WEN by 1.1% during the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares during the period. K2 Principal Fund L.P. bought a new position in JELD-WEN during the 3rd quarter worth $278,000. Finally, Geode Capital Management LLC increased its position in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after acquiring an additional 9,468 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, February 19th. Loop Capital cut their target price on JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. UBS Group decreased their target price on 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 cut their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Truist Financial decreased their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. 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, the company has an average rating of “Hold” and an average 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.