Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Purchases $634,500.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the purchase, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were acquired 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 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 acquired 200,000 shares of JELD-WEN stock. The shares were bought at an average price of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock. The shares were bought at an average cost of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Stock Performance

NYSE:JELD opened at $9.49 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN Holding, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $21.75. The company has a 50 day simple moving average of $9.57 and a two-hundred day simple moving average of $12.86. The company has a market capitalization of $802.62 million, a PE ratio of -5.18 and a beta of 2.16.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Research analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $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 during the 3rd quarter worth approximately $160,000. Xponance Inc. acquired a new stake in shares of JELD-WEN during the 2nd quarter worth approximately $198,000. Diversified Trust Co increased its stake 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 acquiring an additional 2,242 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of JELD-WEN by 13.2% during 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 during the period. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JELD shares. Royal Bank of Canada cut their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays reduced their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. 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 report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.75.

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.