JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $4,527,000.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 450,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the transaction, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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, November 7th, Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock. The shares were purchased at an average price of $10.48 per share, with a total value of $2,096,000.00.

JELD-WEN Stock Down 5.5 %

Shares of JELD stock opened at $10.27 on Friday. The firm has a market cap of $868.23 million, a PE ratio of -5.61 and a beta of 2.25. JELD-WEN Holding, Inc. has a 12 month low of $8.90 and a 12 month high of $21.75. The stock has a 50 day moving average of $14.64 and a 200-day moving average of $14.99. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. On average, equities analysts predict that JELD-WEN Holding, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JELD. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday. B. Riley reduced their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their price target on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday. 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 report on Wednesday, October 9th. Finally, 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its stake in JELD-WEN by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock worth $567,000 after purchasing an additional 1,025 shares during the period. ProShare Advisors LLC raised its stake in JELD-WEN by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after acquiring an additional 1,205 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the period. Diversified Trust Co increased its position in shares of JELD-WEN by 6.6% during the 2nd quarter. Diversified Trust Co now owns 25,916 shares of the company’s stock worth $349,000 after purchasing an additional 1,615 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

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.