JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 50,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management bought 50,000 shares of the stock in a transaction dated Monday, April 14th. The stock was acquired at an average price of $5.15 per share, with a total value of $257,500.00. Following the completion of the purchase, the insider now owns 12,928,563 shares of the company's stock, valued at $66,582,099.45. This represents a 0.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.16 per share, for a total transaction of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The stock was bought at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.86 per share, with a total value of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.97 per share, for a total transaction of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management acquired 70,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management bought 86,801 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.62 per share, for a total transaction of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $6.08 per share, with a total value of $437,760.00.

JELD-WEN Stock Up 1.3 %

NYSE JELD traded up $0.07 during trading hours on Friday, reaching $5.15. 3,568,671 shares of the company's stock were exchanged, compared to its average volume of 903,531. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a one year low of $4.91 and a one year high of $21.75. The company's 50-day moving average is $6.02 and its two-hundred day moving average is $9.14. The company has a market capitalization of $439.21 million, a price-to-earnings ratio of -2.31 and a beta of 1.93.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. On average, analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JELD. StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Truist Financial reduced their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their target price on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $8.94.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock worth $30,771,000 after purchasing an additional 9,468 shares during the last quarter. State Street Corp grew its holdings in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company's stock valued at $31,594,000 after acquiring an additional 21,264 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of JELD-WEN by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock valued at $18,226,000 after acquiring an additional 220,815 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in JELD-WEN by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock worth $3,908,000 after acquiring an additional 30,400 shares in the last quarter. Finally, US Bancorp DE boosted its position in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after purchasing an additional 7,025 shares during the last quarter. Institutional investors and hedge funds own 95.04% 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.