Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys 100,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $5.46 per share, with a total value of $546,000.00. Following the transaction, the insider now owns 12,749,237 shares in the company, valued at approximately $69,610,834.02. The trade was a 0.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major 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, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.16 per share, for a total transaction of $258,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.86 per share, for a total transaction of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The shares were purchased at an average price of $5.97 per share, with a total value of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.97 per share, with a total value of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN stock. The shares were bought at an average price of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management bought 26,336 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The shares were acquired at an average price of $6.08 per share, with a total value of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Up 0.5 %

NYSE JELD traded up $0.02 during trading on Friday, reaching $5.22. 1,251,291 shares of the company's stock were exchanged, compared to its average volume of 880,300. The stock has a market cap of $445.95 million, a P/E ratio of -2.34 and a beta of 1.93. JELD-WEN Holding, Inc. has a 1 year low of $4.91 and a 1 year high of $21.75. The company has a 50 day moving average price of $6.38 and a two-hundred day moving average price of $9.56. 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 (NYSE:JELD - Get Free Report) last announced its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JELD has been the topic of a number of research reports. Loop Capital dropped their price target on JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada decreased their price target on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a report on Wednesday, February 19th. UBS Group dropped their target price on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Barclays dropped their target price on shares of JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.94.

Institutional Trading of JELD-WEN

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in shares of JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company's stock valued at $573,000 after acquiring an additional 3,383 shares in the last quarter. State Street Corp raised its position 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 during the period. K2 Principal Fund L.P. acquired a new position in shares of JELD-WEN in the 3rd quarter valued at approximately $278,000. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 9,468 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in JELD-WEN by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company's stock valued at $2,057,000 after purchasing an additional 10,154 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.