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 acquired 50,000 shares of the stock in a transaction on Wednesday, April 16th. The shares were purchased at an average price of $5.11 per share, for a total transaction of $255,500.00. Following the completion of the transaction, the insider now owns 13,008,264 shares in the company, valued at approximately $66,472,229.04. This represents a 0.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares 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 acquired 2,856 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.10 per share, with a total value of $14,565.60.
• On Monday, April 21st, Turtle Creek Asset Management bought 26,411 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.06 per share, for a total transaction of $133,639.66.
• On Monday, April 14th, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The stock was bought at an average cost of $5.15 per share, with a total value of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were bought at an average cost of $5.16 per share, for a total transaction of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The shares were 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 acquired 50,000 shares of JELD-WEN stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The shares were purchased 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 acquired 26,336 shares of JELD-WEN stock. The stock was purchased at an average price of $5.73 per share, for a total transaction of $150,905.28.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded up $0.02 during midday trading on Friday, hitting $5.33. The company had a trading volume of 1,752,638 shares, compared to its average volume of 956,312. The stock has a market cap of $455.00 million, a PE ratio of -2.39 and a beta of 1.93. JELD-WEN Holding, Inc. has a 1-year low of $4.91 and a 1-year high of $21.64. The business's 50 day simple moving average is $5.71 and its two-hundred day simple moving average is $8.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

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

Wall Street Analyst Weigh In

Several research firms have commented on JELD. Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. UBS Group lowered their target price on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Truist Financial reduced their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Barclays lowered their price objective on JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, JELD-WEN has an average rating of "Hold" and an average price target of $8.94.

Institutional Trading of JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. Turtle Creek Asset Management Inc. raised its stake in shares of JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after purchasing an additional 1,000,000 shares in the last quarter. Pzena Investment Management LLC increased its holdings in JELD-WEN by 16.5% in the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after buying an additional 1,583,238 shares during the period. Vanguard Group Inc. raised its stake in shares of JELD-WEN by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock worth $47,305,000 after acquiring an additional 634,101 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of JELD-WEN by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after acquiring an additional 146,581 shares in the last quarter. Institutional investors 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.