JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Acquires 50,000 Shares

JELD-WEN Holding, Inc. (NYSE:JELDGet Rating) major shareholder Turtle Creek Asset Management purchased 50,000 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were purchased at an average price of $20.45 per share, for a total transaction of $1,022,500.00. Following the completion of the purchase, the insider now directly owns 10,837,115 shares of the company’s stock, valued at $221,619,001.75. The transaction was disclosed in a legal filing 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 transactions with the SEC.

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

  • On Friday, April 8th, Turtle Creek Asset Management purchased 149,000 shares of JELD-WEN stock. The shares were purchased at an average price of $19.90 per share, for a total transaction of $2,965,100.00.
  • On Wednesday, April 6th, Turtle Creek Asset Management acquired 225,000 shares of JELD-WEN stock. The shares were bought at an average cost of $19.22 per share, for a total transaction of $4,324,500.00.
  • On Monday, April 4th, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The shares were bought at an average cost of $20.41 per share, for a total transaction of $2,041,000.00.
  • On Thursday, March 31st, Turtle Creek Asset Management acquired 140,290 shares of JELD-WEN stock. The shares were bought at an average cost of $20.88 per share, for a total transaction of $2,929,255.20.
  • On Tuesday, March 29th, Turtle Creek Asset Management acquired 85,734 shares of JELD-WEN stock. The shares were bought at an average cost of $22.88 per share, for a total transaction of $1,961,593.92.
  • On Friday, March 25th, Turtle Creek Asset Management acquired 245,000 shares of JELD-WEN stock. The shares were bought at an average cost of $21.89 per share, for a total transaction of $5,363,050.00.
  • On Wednesday, March 23rd, Turtle Creek Asset Management acquired 160,000 shares of JELD-WEN stock. The shares were bought at an average cost of $23.02 per share, for a total transaction of $3,683,200.00.
  • On Monday, March 21st, Turtle Creek Asset Management acquired 100,000 shares of JELD-WEN stock. The shares were bought at an average cost of $23.41 per share, for a total transaction of $2,341,000.00.
  • On Friday, March 18th, Turtle Creek Asset Management bought 75,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $1,807,500.00.
  • On Wednesday, March 16th, Turtle Creek Asset Management bought 150,000 shares of JELD-WEN stock. The stock was acquired at an average cost of $23.52 per share, for a total transaction of $3,528,000.00.

NYSE:JELD traded up $0.36 during mid-day trading on Wednesday, hitting $20.75. The stock had a trading volume of 598,303 shares, compared to its average volume of 739,280. JELD-WEN Holding, Inc. has a twelve month low of $18.43 and a twelve month high of $31.47. The firm has a market cap of $1.87 billion, a PE ratio of 12.16 and a beta of 2.36. The stock has a 50 day simple moving average of $22.44. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.26 and a current ratio of 1.96.

JELD-WEN (NYSE:JELDGet Rating) last released its quarterly earnings results on Monday, February 21st. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.06). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.22 billion. JELD-WEN had a net margin of 3.54% and a return on equity of 19.24%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. Equities analysts anticipate that JELD-WEN Holding, Inc. will post 2.43 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in JELD-WEN by 4.7% in the 3rd quarter. California State Teachers Retirement System now owns 121,171 shares of the company’s stock valued at $3,033,000 after acquiring an additional 5,399 shares during the period. BNP Paribas Arbitrage SA raised its holdings in JELD-WEN by 49.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 60,309 shares of the company’s stock valued at $1,510,000 after acquiring an additional 20,079 shares during the period. Swiss National Bank increased its holdings in shares of JELD-WEN by 30.8% during the third quarter. Swiss National Bank now owns 203,600 shares of the company’s stock worth $5,096,000 after purchasing an additional 48,000 shares during the period. Mariner LLC bought a new position in shares of JELD-WEN during the third quarter worth approximately $275,000. Finally, Raymond James & Associates increased its holdings in shares of JELD-WEN by 8.2% during the third quarter. Raymond James & Associates now owns 33,946 shares of the company’s stock worth $850,000 after purchasing an additional 2,586 shares during the period. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded JELD-WEN from a “buy” rating to a “hold” rating in a report on Monday, January 3rd. Stifel Nicolaus dropped their target price on shares of JELD-WEN to $29.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. UBS Group assumed coverage on shares of JELD-WEN in a research report on Wednesday, January 19th. They issued a “buy” rating and a $39.00 price objective for the company. Barclays lowered their price objective on shares of JELD-WEN from $30.00 to $28.00 in a research report on Thursday, March 31st. Finally, Credit Suisse Group started coverage on JELD-WEN in a report on Tuesday, April 5th. They set an “outperform” rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.22.

JELD-WEN Company Profile (Get Rating)

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.

Further Reading

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

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