JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) major shareholder Turtle Creek Asset Management bought 17,800 shares of the company's stock in a transaction dated Thursday, September 15th. The stock was bought at an average price of $9.98 per share, with a total value of $177,644.00. Following the acquisition, the insider now owns 48,400 shares in the company, valued at approximately $483,032. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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):
Get JELD-WEN alerts:- On Thursday, August 25th, Turtle Creek Asset Management bought 11,000 shares of JELD-WEN stock. The stock was bought at an average price of $12.44 per share, with a total value of $136,840.00.
- On Monday, August 22nd, Turtle Creek Asset Management bought 12,500 shares of JELD-WEN stock. The stock was bought at an average price of $12.46 per share, with a total value of $155,750.00.
- On Thursday, August 18th, Turtle Creek Asset Management bought 2,200 shares of JELD-WEN stock. The stock was bought at an average price of $13.33 per share, with a total value of $29,326.00.
- On Thursday, August 4th, Turtle Creek Asset Management bought 17,400 shares of JELD-WEN stock. The stock was bought at an average price of $15.20 per share, with a total value of $264,480.00.
- On Monday, August 1st, Turtle Creek Asset Management bought 29,763 shares of JELD-WEN stock. The stock was bought at an average price of $14.33 per share, with a total value of $426,503.79.
- On Thursday, June 23rd, Turtle Creek Asset Management bought 121,815 shares of JELD-WEN stock. The stock was bought at an average price of $13.82 per share, with a total value of $1,683,483.30.
- On Tuesday, June 21st, Turtle Creek Asset Management acquired 50,000 shares of JELD-WEN stock. The shares were acquired at an average price of $13.15 per share, with a total value of $657,500.00.
JELD-WEN Trading Down 2.8 %
JELD opened at $9.54 on Thursday. The firm has a market cap of $803.83 million, a price-to-earnings ratio of 6.96 and a beta of 2.30. The company has a current ratio of 2.14, a quick ratio of 1.33 and a debt-to-equity ratio of 2.54. JELD-WEN Holding, Inc. has a 12 month low of $9.52 and a 12 month high of $28.30. The stock has a fifty day moving average price of $13.24 and a 200-day moving average price of $16.90.
JELD-WEN (NYSE:JELD – Get Rating) last released its quarterly earnings results on Monday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.12). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. JELD-WEN had a return on equity of 19.00% and a net margin of 2.59%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 1.66 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in JELD. Point72 Hong Kong Ltd bought a new position in shares of JELD-WEN in the 4th quarter worth $26,000. Quantbot Technologies LP increased its position in JELD-WEN by 182.7% during the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company's stock valued at $59,000 after buying an additional 1,907 shares in the last quarter. National Bank of Canada FI acquired a new position in JELD-WEN during the 2nd quarter valued at about $61,000. Great West Life Assurance Co. Can increased its position in JELD-WEN by 24.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,383 shares of the company's stock valued at $95,000 after buying an additional 873 shares in the last quarter. Finally, Connable Office Inc. increased its position in JELD-WEN by 26.9% during the 2nd quarter. Connable Office Inc. now owns 12,775 shares of the company's stock valued at $186,000 after buying an additional 2,706 shares in the last quarter. 99.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on JELD. Royal Bank of Canada dropped their price objective on JELD-WEN from $12.00 to $11.00 and set an "underperform" rating for the company in a report on Tuesday, August 2nd. Barclays cut JELD-WEN from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $25.00 to $17.00 in a report on Thursday, July 14th. Stifel Nicolaus cut JELD-WEN from a "buy" rating to a "hold" rating and dropped their price objective for the company from $22.00 to $17.00 in a report on Tuesday, August 2nd. Credit Suisse Group dropped their price objective on JELD-WEN from $24.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, August 15th. Finally, Wells Fargo & Company lowered JELD-WEN from an "overweight" rating to an "equal weight" rating and set a $16.00 target price for the company. in a research report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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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