JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $4,527,000.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 450,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $4,527,000.00. Following the acquisition, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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 Thursday, November 7th, Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock. The stock was bought at an average price of $10.48 per share, for a total transaction of $2,096,000.00.

JELD-WEN Price Performance

JELD opened at $10.96 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.91. The firm has a market cap of $927.44 million, a price-to-earnings ratio of -5.99 and a beta of 2.25. JELD-WEN Holding, Inc. has a 1 year low of $8.90 and a 1 year high of $21.75.

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

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter worth about $30,000. Allspring Global Investments Holdings LLC raised its position in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the last quarter. Blue Trust Inc. raised its position in 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 purchasing an additional 1,284 shares during the last quarter. nVerses Capital LLC purchased a new stake in JELD-WEN in the 2nd quarter worth approximately $92,000. Finally, MQS Management LLC bought a new stake in shares of JELD-WEN in the 3rd quarter worth approximately $160,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday. Loop Capital dropped their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Barclays cut 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 research report on Wednesday. UBS Group lowered their price target on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.