Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires 110,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 110,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of $7.65 per share, with a total value of $841,500.00. Following the completion of the acquisition, the insider now directly owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more 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 Tuesday, January 7th, Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock. The shares were bought at an average cost of $7.90 per share, for a total transaction of $987,500.00.
• On Thursday, November 7th, Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock. The shares were bought at an average price of $10.48 per share, for a total transaction of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock. The stock was purchased at an average price of $10.06 per share, with a total value of $4,527,000.00.

JELD-WEN Price Performance

JELD opened at $7.75 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $655.81 million, a P/E ratio of -4.23 and a beta of 2.16. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $13.00. JELD-WEN Holding, Inc. has a 12-month low of $7.43 and a 12-month high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities analysts predict that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JELD. B. Riley lowered their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group reaffirmed a “neutral” rating and issued a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday. Finally, Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average price target of $12.88.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank boosted its holdings in JELD-WEN by 26.7% during the 4th quarter. First Hawaiian Bank now owns 70,893 shares of the company’s stock valued at $581,000 after acquiring an additional 14,939 shares during the period. Diversified Trust Co boosted its stake in shares of JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of JELD-WEN by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company’s stock worth $2,057,000 after purchasing an additional 10,154 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after buying an additional 9,468 shares during the period. Finally, K2 Principal Fund L.P. bought a new stake in JELD-WEN during the 3rd quarter valued at $278,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.