JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 110,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 110,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were bought at an average price of $7.65 per share, with a total value of $841,500.00. Following the completion of the transaction, the insider now directly owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 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 Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The shares were purchased at an average price of $7.90 per share, for a total transaction of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The stock was purchased at an average price of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The shares were purchased at an average price of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Price Performance

JELD-WEN stock opened at $7.75 on Friday. 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 Holding, Inc. has a 52 week low of $7.43 and a 52 week high of $21.75. The stock has a market capitalization of $655.81 million, a P/E ratio of -4.23 and a beta of 2.16. The stock has a fifty day moving average of $9.91 and a 200-day moving average of $13.04.

JELD-WEN (NYSE:JELD) last posted its earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on JELD. Jefferies Financial Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays lowered their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. UBS Group reiterated a “neutral” rating and issued a $9.00 price target (down from $15.00) on shares of JELD-WEN in a research note on Wednesday. Royal Bank of Canada lowered their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Finally, B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average target price of $12.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of JELD-WEN by 79.8% during the 3rd 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 in the last quarter. Sei Investments Co. boosted its stake in shares of JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares in the last quarter. Diversified Trust Co boosted its stake in shares of JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of JELD-WEN by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock worth $585,000 after purchasing an additional 3,066 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of JELD-WEN by 10.3% in the third 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 period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.