JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases $298,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management acquired 50,000 shares of the company's stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $5.97 per share, for a total transaction of $298,500.00. Following the purchase, the insider now directly owns 12,524,901 shares of the company's stock, valued at approximately $74,773,658.97. This trade represents a 0.40 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 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 Friday, March 21st, Turtle Creek Asset Management acquired 70,000 shares of JELD-WEN stock. The shares were acquired at an average price 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 stock was 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 stock was bought 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 purchased 72,000 shares of JELD-WEN stock. The stock was purchased 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 acquired 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 purchased 110,000 shares of JELD-WEN stock. The stock was bought 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 acquired 125,000 shares of JELD-WEN stock. The shares were bought at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Price Performance

NYSE:JELD traded up $0.01 during mid-day trading on Friday, reaching $5.76. 1,451,829 shares of the stock were exchanged, compared to its average volume of 867,098. 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 business has a fifty day moving average price of $6.92 and a 200 day moving average price of $10.06. JELD-WEN Holding, Inc. has a 1-year low of $5.32 and a 1-year high of $21.75. The firm has a market capitalization of $491.28 million, a PE ratio of -2.58 and a beta of 1.92.

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JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $860.82 million. Research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors have recently modified their holdings of the stock. Diversified Trust Co boosted its holdings in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company's stock worth $226,000 after purchasing an additional 2,242 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in JELD-WEN by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after purchasing an additional 3,066 shares during the period. BNP Paribas Financial Markets grew its position in JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company's stock worth $573,000 after purchasing an additional 3,383 shares during the last quarter. Performa Ltd US LLC increased its holdings in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after purchasing an additional 3,950 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company's stock valued at $412,000 after buying an additional 4,944 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial lowered 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. Barclays reduced their price objective on JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. The Goldman Sachs Group lowered their target price 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. Loop Capital cut their target price 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. Finally, StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, JELD-WEN currently has an average rating of "Hold" and a consensus target price of $9.06.

About JELD-WEN

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.