Turtle Creek Asset Management Buys 26,336 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 26,336 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $5.73 per share, with a total value of $150,905.28. Following the purchase, the insider now directly owns 774,934 shares of the company’s stock, valued at $4,440,371.82. This trade represents a 3.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $6.08 per share, with a total value of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock. The stock was purchased 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 stock was purchased at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management acquired 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 Price Performance

JELD-WEN stock opened at $5.59 on Tuesday. The stock has a market capitalization of $474.31 million, a price-to-earnings ratio of -2.51 and a beta of 2.17. JELD-WEN Holding, Inc. has a 52-week low of $5.45 and a 52-week high of $21.75. The stock’s 50 day moving average price is $8.22 and its two-hundred day moving average price is $11.42. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (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 positive return on equity of 7.14% and a negative net margin of 5.01%. On average, equities 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 have recently modified their holdings of the company. Performa Ltd US LLC raised its position in shares of JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP acquired a new position in shares of JELD-WEN during the fourth quarter worth approximately $46,000. US Bancorp DE raised its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. MQS Management LLC acquired a new position in shares of JELD-WEN during the third quarter worth approximately $160,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of JELD-WEN during the fourth quarter worth approximately $83,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on JELD shares. Truist Financial reduced their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their target price on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. B. Riley reduced their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Loop Capital reduced 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. Finally, UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” 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 assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently 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.