JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 70,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management acquired 70,000 shares of JELD-WEN stock in a transaction dated Friday, March 21st. The stock was bought at an average price of $5.97 per share, with a total value of $417,900.00. Following the completion of the purchase, the insider now directly owns 12,485,051 shares in the company, valued at $74,535,754.47. This represents a 0.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available 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, March 5th, Turtle Creek Asset Management acquired 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 purchased 26,336 shares of JELD-WEN stock. The shares were acquired 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 bought 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 bought at an average price 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 shares were purchased at an average price 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 acquired at an average price of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Price Performance

Shares of JELD traded down $0.23 during trading hours on Friday, reaching $6.05. The company had a trading volume of 893,466 shares, compared to its average volume of 833,571. The firm has a 50 day simple moving average of $7.29 and a 200-day simple moving average of $10.33. JELD-WEN Holding, Inc. has a 12-month low of $5.44 and a 12-month high of $21.75. 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 capitalization of $516.04 million, a price-to-earnings ratio of -2.71 and a beta of 2.22.

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JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently made changes to their positions in the business. Performa Ltd US LLC grew its holdings in JELD-WEN by 1,580.0% in 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 during the period. Quarry LP purchased a new stake in shares of JELD-WEN during the fourth quarter worth about $46,000. US Bancorp DE increased its stake in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after buying an additional 7,025 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN in the 4th quarter valued at about $83,000. Finally, Boothbay Fund Management LLC bought a new position in JELD-WEN during the 4th quarter worth approximately $100,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Analysts Set New Price Targets

JELD has been the subject of several recent analyst reports. Barclays lowered their target price on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Royal Bank of Canada lowered their price target on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, JELD-WEN has a consensus rating of "Hold" and an average target price 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.