JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Acquires $249,600.00 in Stock

JELD-WEN Holding, Inc. (NYSE:JELDGet Rating) major shareholder Turtle Creek Asset Management purchased 20,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average cost of $12.48 per share, with a total value of $249,600.00. Following the purchase, the insider now owns 233,600 shares of the company’s stock, valued at $2,915,328. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

  • On Monday, January 30th, Turtle Creek Asset Management purchased 30,800 shares of JELD-WEN stock. The shares were purchased at an average cost of $11.85 per share, with a total value of $364,980.00.
  • On Friday, January 27th, Turtle Creek Asset Management bought 32,000 shares of JELD-WEN stock. The stock was bought at an average cost of $11.99 per share, with a total value of $383,680.00.

JELD-WEN Trading Down 2.3 %

JELD opened at $11.98 on Friday. JELD-WEN Holding, Inc. has a one year low of $8.38 and a one year high of $24.35. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.04 and a beta of 2.26. The business has a 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $10.76. The company has a debt-to-equity ratio of 2.37, a current ratio of 2.16 and a quick ratio of 1.31.

JELD-WEN (NYSE:JELDGet Rating) last posted its earnings results on Tuesday, February 21st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.22. JELD-WEN had a return on equity of 22.73% and a net margin of 0.89%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that JELD-WEN Holding, Inc. will post 1.27 EPS for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors have recently added to or reduced their stakes in JELD. Turtle Creek Asset Management Inc. grew its position in shares of JELD-WEN by 1.2% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 13,338,920 shares of the company’s stock worth $116,716,000 after buying an additional 159,713 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in JELD-WEN by 9.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 10,283,905 shares of the company’s stock worth $99,240,000 after purchasing an additional 875,911 shares during the period. Vanguard Group Inc. increased its stake in shares of JELD-WEN by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,440,902 shares of the company’s stock valued at $171,182,000 after purchasing an additional 30,138 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of JELD-WEN by 1.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,179,640 shares of the company’s stock valued at $21,034,000 after purchasing an additional 41,313 shares in the last quarter. Finally, Towle & Co purchased a new position in shares of JELD-WEN during the third quarter valued at approximately $18,456,000. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JELD shares. JPMorgan Chase & Co. raised JELD-WEN from an “underweight” rating to a “neutral” rating and set a $9.50 target price for the company in a research note on Tuesday, December 20th. StockNews.com started coverage on JELD-WEN in a research note on Thursday. They issued a “hold” rating for the company. B. Riley boosted their target price on JELD-WEN from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 22nd. Stifel Nicolaus boosted their target price on JELD-WEN from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, December 19th. Finally, Barclays lowered their target price on JELD-WEN from $10.00 to $9.00 in a research note on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.58.

JELD-WEN Company Profile

(Get Rating)

JELD-WEN Holding, Inc engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.

Read More

Insider Buying and Selling by Quarter for JELD-WEN (NYSE:JELD)

Receive News & Ratings for JELD-WEN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JELD-WEN and related companies with MarketBeat.com's FREE daily email newsletter.