JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) major shareholder Turtle Creek Asset Management purchased 50,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $257,500.00. Following the completion of the purchase, the insider now owns 12,928,563 shares in the company, valued at $66,582,099.45. This trade represents a 0.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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, April 10th, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $5.16 per share, with a total value of $258,000.00.
- On Monday, April 7th, Turtle Creek Asset Management purchased 100,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $5.46 per share, for a total transaction of $546,000.00.
- On Thursday, April 3rd, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The stock was bought at an average cost of $5.86 per share, with a total value of $586,000.00.
- On Monday, March 31st, Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock. The shares were bought at an average cost of $5.97 per share, for a total transaction of $298,500.00.
- On Friday, March 21st, Turtle Creek Asset Management purchased 70,000 shares of JELD-WEN stock. The stock was bought at an average cost of $5.97 per share, with a total value of $417,900.00.
- On Wednesday, March 5th, Turtle Creek Asset Management bought 86,801 shares of JELD-WEN stock. The stock was purchased at an average price of $5.62 per share, with a total value of $487,821.62.
- On Monday, March 3rd, Turtle Creek Asset Management purchased 26,336 shares of JELD-WEN stock. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $150,905.28.
- On Thursday, February 27th, Turtle Creek Asset Management acquired 72,000 shares of JELD-WEN stock. The stock was purchased at an average price of $6.08 per share, with a total value of $437,760.00.
JELD-WEN Price Performance
Shares of NYSE:JELD opened at $5.15 on Wednesday. The company has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $9.44. JELD-WEN Holding, Inc. has a twelve month low of $4.91 and a twelve month high of $21.75. 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 firm has a market capitalization of $439.21 million, a PE ratio of -2.31 and a beta of 1.93.
JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The business had revenue of $895.70 million during the quarter, compared to analysts' expectations of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. Equities analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.
Institutional Trading of JELD-WEN
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Performa Ltd US LLC grew 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 in the last quarter. Quarry LP bought a new position in shares of JELD-WEN in the fourth quarter valued at approximately $46,000. US Bancorp DE grew its stake in 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 acquiring an additional 7,025 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in JELD-WEN during the 4th quarter worth approximately $83,000. Finally, GAMMA Investing LLC increased its holdings in JELD-WEN by 1,054.6% during the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock worth $88,000 after acquiring an additional 13,436 shares during the period. 95.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Loop Capital reduced their target price 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 reduced 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. StockNews.com cut JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Truist Financial reduced their price target on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.94.
Check Out Our Latest Report on JELD-WEN
About JELD-WEN
(
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.
Further Reading
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.
