JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys $987,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 125,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the completion of the acquisition, the insider now owns 12,042,190 shares of the company’s stock, valued at $95,133,301. The trade was a 1.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 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 Thursday, November 7th, Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $10.48 per share, for a total transaction of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock. The shares were acquired at an average price of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Trading Up 0.5 %

JELD stock opened at $7.75 on Friday. JELD-WEN Holding, Inc. has a 52 week low of $7.43 and a 52 week high of $21.75. The company has a market capitalization of $655.81 million, a PE ratio of -4.23 and a beta of 2.16. The company’s 50-day simple moving average is $9.91 and its 200 day simple moving average is $13.04. 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 announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on JELD shares. The Goldman Sachs Group dropped their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. UBS Group reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday. Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. B. Riley dropped their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.88.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC lifted its position in shares of JELD-WEN by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock valued at $151,492,000 after acquiring an additional 261,157 shares during the period. Dimensional Fund Advisors LP lifted its position in JELD-WEN by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after purchasing an additional 191,657 shares during the period. Victory Capital Management Inc. grew its stake in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares during the period. Finally, State Street Corp boosted its position in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after acquiring an additional 21,264 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

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.