Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires 75,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the transaction, the insider now directly owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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 Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $7.90 per share, with a total value of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock. The stock was bought 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 bought at an average cost of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Trading Up 4.2 %

JELD traded up $0.38 on Wednesday, reaching $9.34. 802,004 shares of the company’s stock were exchanged, compared to its average volume of 859,178. JELD-WEN Holding, Inc. has a twelve month low of $7.43 and a twelve month high of $21.75. The company’s 50 day moving average is $9.64 and its 200-day moving average is $12.94. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market cap of $790.35 million, a price-to-earnings ratio of -5.10 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 positive return on equity of 12.32% and a negative net margin of 3.98%. JELD-WEN’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Equities analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. Engine Capital Management LP grew its holdings in JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in 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 buying an additional 764,645 shares during the period. Pzena Investment Management LLC lifted its holdings in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after buying an additional 261,157 shares in the last quarter. Finally, Beaconlight Capital LLC grew its stake in shares of JELD-WEN by 227.9% during the third quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after acquiring an additional 192,724 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays decreased their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, December 18th. UBS Group restated a “neutral” rating and set a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, JELD-WEN has an average rating of “Hold” and an average price target of $12.75.

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.