Turtle Creek Asset Management Acquires 150,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management bought 150,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the transaction, the insider now owns 13,250,853 shares of the company's stock, valued at $56,448,633.78. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Wednesday, April 23rd, Turtle Creek Asset Management purchased 2,856 shares of JELD-WEN stock. The shares were bought at an average price of $5.10 per share, for a total transaction of $14,565.60.
• On Monday, April 21st, Turtle Creek Asset Management purchased 26,411 shares of JELD-WEN stock. The shares were bought at an average price of $5.06 per share, for a total transaction of $133,639.66.
• On Wednesday, April 16th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $255,500.00.
• On Monday, April 14th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was acquired at an average price of $5.15 per share, for a total transaction of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The stock was 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 price of $5.46 per share, for a total transaction 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 shares were acquired 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 bought 70,000 shares of JELD-WEN stock. The shares were acquired 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 purchased 86,801 shares of JELD-WEN stock. The shares were bought at an average cost of $5.62 per share, with a total value of $487,821.62.

JELD-WEN Stock Up 2.8%

NYSE:JELD traded up $0.12 during trading hours on Monday, hitting $4.35. The stock had a trading volume of 2,143,321 shares, compared to its average volume of 1,015,581. The business has a 50 day simple moving average of $5.55 and a two-hundred day simple moving average of $8.06. JELD-WEN Holding, Inc. has a 1-year low of $3.95 and a 1-year high of $17.70. 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 cap of $371.26 million, a PE ratio of -1.95 and a beta of 1.86.

JELD-WEN (NYSE:JELD - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $769.25 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company's revenue was down 19.1% on a year-over-year basis. Analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on JELD shares. Barclays reduced their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Thursday. Loop Capital dropped their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. Truist Financial dropped their price target 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. Finally, UBS Group decreased their price target on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $7.34.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Performa Ltd US LLC boosted its position in shares of 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 buying an additional 3,950 shares during the period. CWM LLC raised its stake in shares of JELD-WEN by 2,140.2% in the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after buying an additional 6,121 shares in the last quarter. Quarry LP bought a new stake in JELD-WEN in the fourth quarter worth about $46,000. Teacher Retirement System of Texas bought a new stake in shares of JELD-WEN in the 1st quarter worth approximately $74,000. Finally, US Bancorp DE raised its holdings in shares of JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.