Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases 72,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management bought 72,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the purchase, the insider now directly owns 701,934 shares in the company, valued at approximately $4,267,758.72. The trade was a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% 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 Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was acquired at an average price of $5.73 per share, with a total value of $150,905.28.
• On Monday, January 13th, Turtle Creek Asset Management purchased 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 price 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 stock was bought 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 up $0.25 during midday trading on Friday, hitting $6.17. 1,209,274 shares of the company traded hands, compared to its average volume of 1,039,420. JELD-WEN Holding, Inc. has a one year low of $5.44 and a one year high of $21.75. The firm has a market cap of $523.10 million, a P/E ratio of -2.76 and a beta of 2.23. 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 stock has a 50-day moving average of $8.01 and a 200-day moving average of $11.22.

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JELD-WEN (NYSE:JELD - Get Free Report) last posted its 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). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Performa Ltd US LLC grew its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after buying an additional 3,950 shares in the last quarter. Quarry LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at about $46,000. US Bancorp DE grew its holdings in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of JELD-WEN in the fourth quarter worth approximately $83,000. Finally, Boothbay Fund Management LLC purchased a new stake in JELD-WEN in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analyst Weigh In

JELD has been the topic of a number of research reports. Barclays lowered their price target on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. StockNews.com lowered JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday. The Goldman Sachs Group cut their price target on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Truist Financial decreased their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, JELD-WEN presently has a consensus rating of "Hold" and a consensus price target 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.