Turtle Creek Asset Management Purchases 26,336 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $5.73 per share, for a total transaction of $150,905.28. Following the completion of the purchase, the insider now owns 774,934 shares of the company's stock, valued at $4,440,371.82. This trade represents a 3.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The stock was bought at an average cost of $8.46 per share, for a total transaction 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 cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 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 Stock Performance

NYSE JELD traded up $0.25 on Friday, reaching $6.17. 1,209,174 shares of the stock were exchanged, compared to its average volume of 1,039,387. The company's 50-day simple moving average is $8.01 and its two-hundred day simple moving average is $11.22. 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 firm has a market capitalization of $523.10 million, a PE ratio of -2.76 and a beta of 2.23. JELD-WEN Holding, Inc. has a one year low of $5.44 and a one year high of $21.75.

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JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $860.82 million. Analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JELD. Barclays lowered their price target on JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Loop Capital lowered their target price on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock 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 on the stock in a report on Wednesday, February 19th. Truist Financial lowered their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price target on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. MQS Management LLC bought a new position in shares of JELD-WEN in the 3rd quarter valued at about $160,000. Empowered Funds LLC grew its position in JELD-WEN by 5.4% in the third quarter. Empowered Funds LLC now owns 408,487 shares of the company's stock worth $6,458,000 after acquiring an additional 20,770 shares in the last quarter. Natixis Advisors LLC increased its stake in JELD-WEN by 78.1% during the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company's stock worth $6,508,000 after acquiring an additional 180,511 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock valued at $33,200,000 after purchasing an additional 764,645 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.