Turtle Creek Asset Management Acquires 100,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 100,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of $5.86 per share, for a total transaction of $586,000.00. Following the acquisition, the insider now owns 12,664,379 shares in the company, valued at approximately $74,213,260.94. This trade represents a 0.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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 7th, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.46 per share, for a total transaction of $546,000.00.
• On Monday, March 31st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was purchased 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 acquired 70,000 shares of JELD-WEN stock. The shares were 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 bought 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 acquired at an average price of $5.73 per share, with a total value of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The shares were acquired 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 purchased 75,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management purchased 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 Stock Down 7.4 %

Shares of JELD opened at $5.10 on Wednesday. The firm has a market capitalization of $434.94 million, a price-to-earnings ratio of -2.28 and a beta of 1.93. JELD-WEN Holding, Inc. has a 52 week low of $4.98 and a 52 week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business’s fifty day moving average price is $6.67 and its two-hundred day moving average price is $9.81.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC boosted its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of JELD-WEN in the 4th quarter valued at $9,492,000. Parkwood LLC bought a new position in shares of JELD-WEN in the 4th quarter worth $8,815,000. Turtle Creek Asset Management Inc. grew its stake in shares of JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock worth $121,564,000 after purchasing an additional 1,000,000 shares during the period. Finally, American Century Companies Inc. increased its holdings in JELD-WEN by 12.3% in the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock valued at $47,305,000 after purchasing an additional 634,101 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JELD shares. Barclays lowered their target price on shares of JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday. Truist Financial cut their target price on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Royal Bank of Canada cut their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Finally, UBS Group decreased their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.94.

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.