Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys 72,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 72,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $6.08 per share, with a total value of $437,760.00. Following the completion of the transaction, the insider now owns 701,934 shares of the company’s stock, valued at $4,267,758.72. This represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 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 Monday, March 3rd, Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock. The shares were purchased at an average price of $5.73 per share, for a total transaction of $150,905.28.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The stock was bought at an average price of $8.46 per share, for a total transaction of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.65 per share, for a total transaction of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Performance

Shares of JELD stock opened at $5.59 on Tuesday. The company has a 50 day moving average price of $8.22 and a 200-day moving average price of $11.42. JELD-WEN Holding, Inc. has a 52 week low of $5.45 and a 52 week high of $21.75. The firm has a market capitalization of $474.31 million, a PE ratio of -2.51 and a beta of 2.17. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

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

Hedge Funds Weigh In On JELD-WEN

Large investors have recently added to or reduced their stakes in the company. Performa Ltd US LLC lifted its holdings in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after purchasing an additional 3,950 shares in the last quarter. Quarry LP purchased a new position in JELD-WEN during the fourth quarter valued at approximately $46,000. US Bancorp DE lifted its holdings 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 in the last quarter. MQS Management LLC purchased a new position in JELD-WEN during the third quarter valued at approximately $160,000. Finally, Brevan Howard Capital Management LP purchased a new position in JELD-WEN during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JELD shares. B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. 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 note 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 research report on Wednesday, February 19th. Royal Bank of Canada dropped 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 report on Wednesday, February 19th. Finally, Loop Capital decreased their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.06.

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.