Insider Buying: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Buys 125,000 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 125,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the acquisition, the insider now directly owns 12,042,190 shares of the company’s stock, valued at $95,133,301. The trade was a 1.05 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% 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 Friday, January 10th, Turtle Creek Asset Management acquired 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 Thursday, November 7th, Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock. The stock was purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00.
• On Tuesday, November 5th, Turtle Creek Asset Management purchased 450,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $10.06 per share, for a total transaction of $4,527,000.00.

JELD-WEN Stock Performance

NYSE JELD traded up $0.04 during trading hours on Friday, hitting $7.75. The company had a trading volume of 967,816 shares, compared to its average volume of 804,536. 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 business has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $13.04. The firm has a market cap of $655.81 million, a P/E ratio of -4.23 and a beta of 2.16. JELD-WEN Holding, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (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 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 revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Equities analysts predict that JELD-WEN Holding, Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Engine Capital Management LP increased its stake in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after buying an additional 803,095 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Pzena Investment Management LLC increased its position in JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after purchasing an additional 261,157 shares during the last quarter. Finally, Beaconlight Capital LLC raised its position in JELD-WEN by 227.9% during the third quarter. Beaconlight Capital LLC now owns 277,272 shares of the company’s stock valued at $4,384,000 after acquiring an additional 192,724 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JELD shares. UBS Group reiterated a “neutral” rating and set a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a report on Wednesday. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. Barclays dropped their price objective 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. Finally, The Goldman Sachs Group cut their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.88.

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.