JELD-WEN (NYSE:JELD) Shares Gap Up Following Insider Buying Activity

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report)'s stock price gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $10.28, but opened at $10.85. JELD-WEN shares last traded at $10.90, with a volume of 106,025 shares traded.

Specifically, major shareholder Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Turtle Creek Asset Management acquired 450,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the transaction, the insider now owns 11,751,912 shares in the company, valued at $118,224,234.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JELD shares. Barclays decreased their target price on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Loop Capital reduced their price objective on JELD-WEN from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, July 19th. B. Riley lowered their target price on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday. Royal Bank of Canada cut their price target on JELD-WEN from $13.00 to $9.00 and set an "underperform" rating on the stock in a research note on Wednesday. Finally, UBS Group lowered their price objective on JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $14.90.

JELD-WEN Trading Up 6.6 %

The stock has a market cap of $926.56 million, a P/E ratio of -6.07 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The firm's fifty day simple moving average is $14.64 and its 200-day simple moving average is $14.99.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. JELD-WEN's quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Equities research analysts expect that JELD-WEN Holding, Inc. will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in JELD-WEN in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company's stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after acquiring an additional 1,284 shares during the period. nVerses Capital LLC bought a new position in JELD-WEN during the second quarter worth $92,000. Finally, MQS Management LLC acquired a new stake in JELD-WEN in the third quarter worth $160,000. Institutional investors 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.