JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 100,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 100,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of $5.86 per share, for a total transaction of $586,000.00. Following the completion of the acquisition, the insider now directly owns 12,664,379 shares of the company's stock, valued at approximately $74,213,260.94. The trade was a 0.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.16 per share, with a total value of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.46 per share, for a total transaction of $546,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was 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 acquired 70,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.97 per share, with a total value 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 bought 26,336 shares of JELD-WEN stock. The stock was 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 shares were acquired at an average cost of $6.08 per share, with a total value 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 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 bought 125,000 shares of JELD-WEN stock. The shares were bought at an average price of $7.90 per share, for a total transaction of $987,500.00.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.02 during trading hours on Friday, hitting $5.22. The company had a trading volume of 1,251,291 shares, compared to its average volume of 880,300. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $445.95 million, a PE ratio of -2.34 and a beta of 1.93. The firm has a 50-day moving average of $6.38 and a 200 day moving average of $9.56. JELD-WEN Holding, Inc. has a one year low of $4.91 and a one year high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) 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 firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. On average, sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of JELD-WEN by 1,054.6% during the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock valued at $88,000 after buying an additional 13,436 shares during the period. PharVision Advisers LLC purchased a new stake in JELD-WEN during the 4th quarter valued at $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of JELD-WEN by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company's stock valued at $1,776,000 after acquiring an additional 31,640 shares in the last quarter. Voloridge Investment Management LLC bought a new position in JELD-WEN in the fourth quarter worth about $888,000. Finally, Squarepoint Ops LLC bought a new position in JELD-WEN in the fourth quarter worth $240,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JELD has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price 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. 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. Truist Financial lowered their target price on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada cut their price objective on 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, UBS Group reduced their price target 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. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.94.

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.