Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires 26,336 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 26,336 shares of the company's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $5.73 per share, for a total transaction of $150,905.28. Following the completion of the transaction, the insider now directly owns 774,934 shares in the company, valued at $4,440,371.82. This represents a 3.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 bought at an average price 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 purchased 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 stock was purchased at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Trading Up 4.1 %

NYSE JELD traded up $0.25 on Friday, hitting $6.17. 1,209,274 shares of the stock were exchanged, compared to its average volume of 1,039,420. The company's 50-day moving average price is $8.01 and its two-hundred day moving average price is $11.22. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 52-week low of $5.44 and a 52-week high of $21.75. The company has a market capitalization of $523.10 million, a price-to-earnings ratio of -2.76 and a beta of 2.23.

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JELD-WEN (NYSE:JELD - Get Free Report) last issued 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 business had revenue of $895.70 million for the quarter, compared to analysts' expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

JELD has been the topic of several research reports. The Goldman Sachs Group dropped their price target on shares of 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 dropped their target price on shares of JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada cut 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 note on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Barclays cut 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. Two 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, JELD-WEN has a consensus rating of "Hold" and an average price target of $9.06.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock valued at $34,504,000 after purchasing an additional 2,010,275 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock valued at $30,771,000 after buying an additional 9,468 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock valued at $33,200,000 after acquiring an additional 764,645 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of JELD-WEN by 78.1% in 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, Intech Investment Management LLC purchased a new stake in shares of JELD-WEN during the third quarter worth $293,000. Institutional investors and hedge funds own 95.04% of the company's stock.

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.