Turtle Creek Asset Management Acquires 150,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 150,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $4.26 per share, with a total value of $639,000.00. Following the transaction, the insider now directly owns 13,250,853 shares in the company, valued at $56,448,633.78. This trade represents a 1.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Wednesday, April 23rd, Turtle Creek Asset Management bought 2,856 shares of JELD-WEN stock. The stock was bought at an average price of $5.10 per share, with a total value of $14,565.60.
• On Monday, April 21st, Turtle Creek Asset Management purchased 26,411 shares of JELD-WEN stock. The shares were bought at an average price of $5.06 per share, for a total transaction of $133,639.66.
• On Wednesday, April 16th, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.11 per share, with a total value of $255,500.00.
• On Monday, April 14th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The stock was 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 purchased 50,000 shares of JELD-WEN stock. The shares were purchased at an average price of $5.16 per share, with a total value of $258,000.00.
• On Monday, April 7th, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was purchased at an average price of $5.46 per share, for a total transaction of $546,000.00.
• On Thursday, April 3rd, Turtle Creek Asset Management bought 100,000 shares of JELD-WEN stock. The shares were purchased at an average price of $5.86 per share, with a total value of $586,000.00.
• On Monday, March 31st, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The stock was acquired at an average price of $5.97 per share, for a total transaction of $298,500.00.
• On Friday, March 21st, Turtle Creek Asset Management acquired 70,000 shares of JELD-WEN stock. The stock was acquired 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 shares were acquired at an average price of $5.62 per share, with a total value of $487,821.62.

JELD-WEN Stock Performance

NYSE JELD opened at $4.22 on Friday. The business’s 50-day moving average price is $5.55 and its 200 day moving average price is $8.15. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market cap of $360.24 million, a P/E ratio of -1.89 and a beta of 1.86. JELD-WEN Holding, Inc. has a 52-week low of $3.95 and a 52-week high of $17.70.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $769.25 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Leavell Investment Management Inc. boosted its holdings in JELD-WEN by 14.0% in the 1st quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company’s stock valued at $102,000 after purchasing an additional 2,107 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares during the period. MetLife Investment Management LLC boosted its stake in shares of JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after buying an additional 3,066 shares in the last quarter. Performa Ltd US LLC grew its holdings in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in JELD-WEN by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock worth $412,000 after acquiring an additional 4,944 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. UBS Group cut their price target on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday. Loop Capital reduced their price target on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday. Barclays cut their target price on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group reduced their target price on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.34.

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.