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

Shares of JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) gapped up prior to trading on Monday after an insider bought additional shares in the company. The stock had previously closed at $7.74, but opened at $8.17. JELD-WEN shares last traded at $8.57, with a volume of 155,347 shares.

Specifically, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the purchase, the insider now owns 12,259,784 shares in the company, valued at approximately $93,787,347.60. The trade was a 0.91 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 125,000 shares of JELD-WEN stock in a transaction on Tuesday, January 7th. The stock was bought at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the acquisition, the insider now owns 12,042,190 shares in the company, valued at approximately $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analysts Set New Price Targets

JELD has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. UBS Group reiterated a "neutral" rating and issued a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Barclays lowered their price objective on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.88.

JELD-WEN Stock Up 9.8 %

The stock has a market capitalization of $719.27 million, a price-to-earnings ratio of -4.64 and a beta of 2.16. The firm has a 50 day simple moving average of $9.78 and a 200-day simple moving average of $13.00. 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 (NYSE:JELD - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) 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 analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. On average, sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. MQS Management LLC bought a new position in shares of JELD-WEN in the third quarter valued at about $160,000. Xponance Inc. acquired a new position in JELD-WEN during the 2nd quarter worth about $198,000. Diversified Trust Co grew its holdings in JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company's stock worth $226,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Sei Investments Co. increased its position in JELD-WEN by 13.2% in the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company's stock valued at $242,000 after acquiring an additional 2,100 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.