Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys 50,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 50,000 shares of the firm's stock in a transaction on Wednesday, April 16th. The shares were acquired at an average price of $5.11 per share, with a total value of $255,500.00. Following the purchase, the insider now directly owns 13,008,264 shares in the company, valued at $66,472,229.04. This represents a 0.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Monday, April 21st, Turtle Creek Asset Management purchased 26,411 shares of JELD-WEN stock. The stock was bought at an average cost of $5.06 per share, with a total value of $133,639.66.
• On Monday, April 14th, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $257,500.00.
• On Thursday, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was acquired 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 bought 100,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.46 per share, with a total value of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was bought at an average cost of $5.86 per share, for a total transaction of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The shares were bought at an average price of $5.97 per share, with a total value of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN stock. The stock was purchased at an average cost of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was purchased at an average price 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 stock was acquired at an average price of $6.08 per share, with a total value of $437,760.00.

JELD-WEN Stock Up 0.3 %

JELD-WEN stock traded up $0.02 during trading hours on Friday, hitting $5.33. The stock had a trading volume of 913,523 shares, compared to its average volume of 965,066. The stock's 50-day moving average price is $5.81 and its 200-day moving average price is $9.01. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a 12-month low of $4.91 and a 12-month high of $21.75. The stock has a market capitalization of $454.57 million, a P/E ratio of -2.39 and a beta of 1.93.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays cut their price objective on shares of JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada cut their target price on 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 cut JELD-WEN from a "hold" rating to a "sell" rating in a research report on Friday, March 7th. Finally, Truist Financial cut their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $8.94.

Institutional Investors Weigh In On JELD-WEN

A number of large investors have recently added to or reduced their stakes in JELD. Exchange Traded Concepts LLC grew its holdings in shares of JELD-WEN by 26,142.2% in the first quarter. Exchange Traded Concepts LLC now owns 169,000 shares of the company's stock worth $1,009,000 after acquiring an additional 168,356 shares during the period. GAMMA Investing LLC boosted its holdings in shares of JELD-WEN by 1,054.6% in the first quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock worth $88,000 after buying an additional 13,436 shares during the last quarter. PharVision Advisers LLC purchased a new stake in JELD-WEN during the fourth quarter valued at approximately $172,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JELD-WEN by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 216,899 shares of the company's stock worth $1,776,000 after acquiring an additional 31,640 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $888,000. 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.