JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) major shareholder Turtle Creek Asset Management acquired 17,800 shares of the stock in a transaction dated Thursday, September 15th. The shares were bought at an average cost of $9.98 per share, for a total transaction of $177,644.00. Following the completion of the transaction, the insider now owns 48,400 shares in the company, valued at $483,032. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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):
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- On Thursday, August 25th, Turtle Creek Asset Management purchased 11,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $12.44 per share, for a total transaction of $136,840.00.
- On Monday, August 22nd, Turtle Creek Asset Management purchased 12,500 shares of JELD-WEN stock. The stock was acquired at an average cost of $12.46 per share, for a total transaction of $155,750.00.
- On Thursday, August 18th, Turtle Creek Asset Management purchased 2,200 shares of JELD-WEN stock. The stock was acquired at an average cost of $13.33 per share, for a total transaction of $29,326.00.
- On Thursday, August 4th, Turtle Creek Asset Management purchased 17,400 shares of JELD-WEN stock. The stock was acquired at an average cost of $15.20 per share, for a total transaction of $264,480.00.
- On Monday, August 1st, Turtle Creek Asset Management purchased 29,763 shares of JELD-WEN stock. The stock was acquired at an average cost of $14.33 per share, for a total transaction of $426,503.79.
- On Thursday, June 23rd, Turtle Creek Asset Management purchased 121,815 shares of JELD-WEN stock. The stock was acquired at an average cost of $13.82 per share, for a total transaction of $1,683,483.30.
- On Tuesday, June 21st, Turtle Creek Asset Management purchased 50,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $13.15 per share, for a total transaction of $657,500.00.
JELD-WEN Stock Performance
NYSE JELD opened at $10.14 on Tuesday. The company has a market cap of $854.39 million, a P/E ratio of 7.40 and a beta of 2.30. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.33 and a current ratio of 2.14. The business's 50 day moving average price is $13.49 and its 200-day moving average price is $17.01. JELD-WEN Holding, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $28.30.
JELD-WEN (NYSE:JELD – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.12). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. JELD-WEN had a net
margin of 2.59% and a return on equity of 19.00%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 1.66 earnings per share for the current year.
Hedge Funds Weigh In On JELD-WEN
Hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new position in JELD-WEN in the 4th quarter valued at $26,000. Quantbot Technologies LP grew its position in JELD-WEN by 182.7% in the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company's stock valued at $59,000 after acquiring an additional 1,907 shares during the last quarter. National Bank of Canada FI bought a new position in JELD-WEN in the 2nd quarter valued at $61,000. Great West Life Assurance Co. Can grew its position in JELD-WEN by 24.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,383 shares of the company's stock valued at $95,000 after acquiring an additional 873 shares during the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in shares of JELD-WEN during the 4th quarter worth $264,000. Institutional investors own 99.54% of the company's stock.
Analyst Upgrades and Downgrades
JELD has been the topic of several recent research reports. Credit Suisse Group decreased their price objective on JELD-WEN from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, August 15th. Wells Fargo & Company cut JELD-WEN from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective on the stock. in a report on Tuesday, June 28th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $21.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, June 23rd. Royal Bank of Canada decreased their price objective on JELD-WEN from $12.00 to $11.00 and set an "underperform" rating on the stock in a report on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on JELD-WEN in a report on Wednesday, August 17th. They set a "hold" rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.33.
About JELD-WEN
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JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.
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