Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys 200,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 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 Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The stock was bought at an average price of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Stock Down 5.5 %

JELD-WEN stock opened at $10.27 on Friday. The firm has a market capitalization of $868.23 million, a P/E ratio of -5.61 and a beta of 2.25. The company has a 50-day simple moving average of $14.64 and a 200-day simple moving average of $14.99. JELD-WEN Holding, Inc. has a one year low of $8.90 and a one year high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last issued 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 business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. JELD-WEN’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. As a group, equities analysts expect that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Victory Capital Management Inc. grew its holdings 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 valued at $34,504,000 after purchasing an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC raised its stake in JELD-WEN by 26.3% during the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after acquiring an additional 1,939,052 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in JELD-WEN by 319.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. Engine Capital Management LP raised its stake in JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after acquiring an additional 803,095 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in JELD-WEN during the second quarter worth $5,342,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on JELD shares. 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. Jefferies Financial Group raised their price objective 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 dropped 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. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.90.

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.