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

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

A number of other large investors have also recently bought and sold shares of the business. Seven Six Capital Management LLC acquired a new stake in JELD-WEN during the 4th quarter worth $771,000. Shay Capital LLC acquired a new stake in JELD-WEN during the 4th quarter worth $102,000. Rafferty Asset Management LLC boosted its stake in JELD-WEN by 28.4% during the 4th quarter. Rafferty Asset Management LLC now owns 24,574 shares of the company's stock worth $201,000 after purchasing an additional 5,434 shares during the period. ProShare Advisors LLC boosted its stake in JELD-WEN by 46.6% during the 4th quarter. ProShare Advisors LLC now owns 23,790 shares of the company's stock worth $195,000 after purchasing an additional 7,557 shares during the period. Finally, Parkwood LLC purchased a new position in JELD-WEN during the 4th quarter worth $8,815,000. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Price Performance

Shares of JELD traded down $0.29 during trading hours on Wednesday, reaching $3.58. The company had a trading volume of 2,493,700 shares, compared to its average volume of 1,035,721. The firm has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $7.58. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $305.18 million, a price-to-earnings ratio of -1.60 and a beta of 1.86. JELD-WEN Holding, Inc. has a 12-month low of $3.56 and a 12-month 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business's revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 72,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $6.08 per share, for a total transaction of $437,760.00. Following the acquisition, the insider now owns 701,934 shares of the company's stock, valued at $4,267,758.72. The trade was a 11.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David G. Nord bought 20,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the completion of the acquisition, the director now directly owns 40,000 shares in the company, valued at $238,400. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 864,404 shares of company stock worth $4,662,392 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JELD shares. Truist Financial cut their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. UBS Group cut their price objective on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Barclays cut their price objective on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. StockNews.com downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, Royal Bank of Canada cut their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.34.

JELD-WEN 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.