Turtle Creek Asset Management Buys 450,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management bought 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now directly owns 11,751,912 shares of the company’s stock, valued at $118,224,234.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large 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 Thursday, November 7th, Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock. The stock was purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00.

JELD-WEN Trading Up 6.6 %

Shares of JELD stock opened at $10.96 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 12-month low of $8.90 and a 12-month high of $21.75. The firm has a fifty day moving average of $14.57 and a 200-day moving average of $14.94.

JELD-WEN (NYSE:JELD) last posted its 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 during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. B. Riley cut 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 report on Thursday. Royal Bank of Canada lowered their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group lowered their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.90.

Institutional Trading of JELD-WEN

Several hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC increased its position in shares of JELD-WEN by 33.7% during the first quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock worth $7,148,000 after acquiring an additional 84,900 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after purchasing an additional 1,017,275 shares during the period. Victory Capital Management Inc. increased its holdings in JELD-WEN by 64.7% during the 2nd quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock worth $2,319,000 after purchasing an additional 67,604 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of JELD-WEN in the 2nd quarter valued at about $817,000. Finally, Engine Capital Management LP boosted its position in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after buying an additional 803,095 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.