Turtle Creek Asset Management Buys 86,801 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

Turtle Creek Asset Management acquired 86,801 shares of JELD-WEN Holding, Inc. (NYSE:JELD) at an average price of $5.62 per share, totaling $487,821.62. This purchase increased their ownership to 12,389,409 shares, valued at approximately $69.63 million. The transaction was disclosed to the SEC, as required for major shareholders. JELD-WEN's stock has seen fluctuations, with a recent price of $6.17 and a market cap of $523.10 million. Analysts predict an EPS of 0.88 for the current fiscal year, despite recent earnings missing estimates.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 86,801 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $5.62 per share, for a total transaction of $487,821.62. Following the purchase, the insider now owns 12,389,409 shares in the company, valued at $69,628,478.58. This represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

On Monday, March 3rd, Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock. The stock was purchased at an average price of $5.73 per share, for a total transaction of $150,905.28.
On Thursday, February 27th, Turtle Creek Asset Management purchased 72,000 shares of JELD-WEN stock. The stock was purchased 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 bought 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 purchased 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 acquired at an average cost of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Up 4.1 %

NYSE JELD opened at $6.17 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. The company has a market capitalization of $523.10 million, a P/E ratio of -2.76 and a beta of 2.23. JELD-WEN Holding, Inc. has a one year low of $5.44 and a one year high of $21.75. The stock has a 50 day moving average price of $8.01 and a 200-day moving average price of $11.22.

JELD-WEN stock: When Execution Counts

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The company had revenue of $895.70 million for the quarter, compared to analysts' expectations of $860.82 million. As a group, equities analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Institutional Trading of JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Performa Ltd US LLC raised its holdings in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after buying an additional 3,950 shares during the period. Quarry LP purchased a new stake in JELD-WEN in the fourth quarter worth $46,000. US Bancorp DE increased its stake in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of JELD-WEN during the fourth quarter valued at $83,000. Finally, Boothbay Fund Management LLC bought a new stake in JELD-WEN during the fourth quarter valued at about $100,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JELD. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday. UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Barclays dropped their price target on JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada dropped their price target on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.06.

Get Our Latest Research Report on JELD

JELD-WEN Company Profile

(Get Free Report)

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.