JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $841,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 110,000 shares of the stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of $7.65 per share, for a total transaction 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 $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% 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, January 7th, Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock. The shares were acquired 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 acquired 200,000 shares of JELD-WEN stock. The shares were acquired 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 bought 450,000 shares of JELD-WEN stock. The stock was acquired at an average price of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Stock Performance

NYSE JELD traded up $0.04 during trading hours on Friday, reaching $7.75. 967,816 shares of the company were exchanged, compared to its average volume of 804,536. The stock has a market capitalization of $655.81 million, a P/E ratio of -4.23 and a beta of 2.16. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 1 year low of $7.43 and a 1 year high of $21.75. The business’s 50 day simple moving average is $9.91 and its 200-day simple moving average is $13.04.

JELD-WEN (NYSE:JELD) last issued its quarterly 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 12.32% and a negative net margin of 3.98%. The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JELD has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays dropped 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. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, 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 report on Thursday, November 7th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.88.

Institutional Trading of JELD-WEN

Several hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC grew its stake 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 worth $151,492,000 after acquiring an additional 261,157 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 valued at $43,461,000 after purchasing an additional 191,657 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 purchasing an additional 2,010,275 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares in the last quarter. Finally, State Street Corp raised its position in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock valued at $31,594,000 after purchasing an additional 21,264 shares during the period. 95.04% of the stock is currently owned by institutional investors.

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.