JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management bought 70,000 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $5.97 per share, with a total value of $417,900.00. Following the purchase, the insider now directly owns 12,485,051 shares of the company's stock, valued at $74,535,754.47. This trade represents a 0.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at 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.
Turtle Creek Asset Management also recently made the following trade(s):
- On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The shares were acquired at an average price of $5.62 per share, for a total transaction of $487,821.62.
- On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was bought at an average price of $5.73 per share, with a total value of $150,905.28.
- On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The shares were bought at an average cost of $6.08 per share, for a total transaction of $437,760.00.
- On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The stock was bought 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 acquired 110,000 shares of JELD-WEN stock. The shares were bought at an average cost of $7.65 per share, for a total transaction of $841,500.00.
- On Tuesday, January 7th, Turtle Creek Asset Management purchased 125,000 shares of JELD-WEN stock. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00.
JELD-WEN Stock Performance
NYSE:JELD opened at $6.08 on Wednesday. The company has a market capitalization of $519.03 million, a P/E ratio of -2.73 and a beta of 2.22. The business has a fifty day simple moving average of $7.55 and a two-hundred day simple moving average of $10.51. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a 1 year low of $5.44 and a 1 year high of $21.75.
JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. On average, 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 hedge funds have recently bought and sold shares of JELD. Performa Ltd US LLC boosted its holdings in shares of JELD-WEN by 1,580.0% in 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. Quarry LP bought a new position in JELD-WEN in the 4th quarter worth about $46,000. US Bancorp DE grew its holdings in JELD-WEN by 257.6% during the 4th 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 in the last quarter. Brevan Howard Capital Management LP purchased a new position in JELD-WEN during the 4th quarter valued at about $83,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of JELD-WEN in the fourth quarter worth about $100,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on JELD. Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. UBS Group decreased their price target on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Truist Financial dropped their price objective 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. The Goldman Sachs Group decreased their price objective on JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price on shares of 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 analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, JELD-WEN has a consensus rating of "Hold" and an average target price of $9.06.
Read Our Latest Analysis on JELD-WEN
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
