JELD-WEN Holding, Inc. (NYSE:JELD) Shares Acquired by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. raised its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,842,920 shares of the company's stock after acquiring an additional 1,000,000 shares during the quarter. JELD-WEN accounts for about 3.2% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 18th biggest holding. Turtle Creek Asset Management Inc. owned 17.54% of JELD-WEN worth $121,564,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in JELD. Performa Ltd US LLC boosted its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP acquired a new stake in shares of JELD-WEN during the 4th quarter worth approximately $46,000. US Bancorp DE increased its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP acquired a new position in JELD-WEN in the fourth quarter worth about $83,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of JELD-WEN in the 4th quarter worth approximately $100,000. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JELD. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Truist Financial dropped their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Barclays reduced their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, UBS Group lowered their price objective on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.34.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.08 during trading hours on Friday, reaching $3.35. 552,286 shares of the stock traded hands, compared to its average volume of 1,039,379. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $285.55 million, a price-to-earnings ratio of -1.50 and a beta of 1.86. The company has a 50 day moving average price of $5.18 and a 200 day moving average price of $7.51. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $776.00 million for the quarter, compared to analysts' expectations of $769.25 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. JELD-WEN's quarterly revenue was down 19.1% on a year-over-year basis. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven E. Wynne purchased 10,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the transaction, the director now directly owns 28,000 shares of the company's stock, valued at approximately $168,280. This trade represents a 55.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $4.26 per share, for a total transaction of $639,000.00. Following the acquisition, the insider now owns 13,250,853 shares in the company, valued at approximately $56,448,633.78. The trade was a 1.14% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 864,404 shares of company stock valued at $4,662,392. Insiders own 1.24% of the company's stock.

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.