JELD-WEN (NYSE:JELD) Major Shareholder Turtle Creek Asset Management Sells 300,000 Shares of Company Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total value of $348,000.00. Following the sale, the insider owned 858,095 shares in the company, valued at $995,390.20. The trade was a 25.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

JELD-WEN Trading Up 3.5%

Shares of NYSE JELD opened at $1.04 on Friday. JELD-WEN Holding, Inc. has a 1 year low of $0.93 and a 1 year high of $3.27. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. The stock has a market cap of $90.66 million, a P/E ratio of -0.54 and a beta of 2.28. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.72.

JELD-WEN (NYSE:JELD) last released its earnings results on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $798.51 million during the quarter, compared to analysts’ expectations of $804.29 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

Institutional Trading of JELD-WEN

A number of institutional investors have recently bought and sold shares of JELD. Jefferies Financial Group Inc. increased its position in JELD-WEN by 16.7% during the third quarter. Jefferies Financial Group Inc. now owns 882,000 shares of the company’s stock worth $1,623,000 after acquiring an additional 126,537 shares during the period. Covestor Ltd raised its stake in JELD-WEN by 25,698.1% in the 3rd quarter. Covestor Ltd now owns 26,830 shares of the company’s stock worth $49,000 after purchasing an additional 26,726 shares in the last quarter. SummerHaven Investment Management LLC acquired a new position in JELD-WEN during the 3rd quarter worth approximately $107,000. Squarepoint Ops LLC acquired a new position in shares of JELD-WEN during the second quarter worth $216,000. Finally, Corient Private Wealth LP bought a new position in shares of JELD-WEN in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JELD. Barclays dropped their price objective on JELD-WEN from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price objective on shares of JELD-WEN in a report on Thursday, August 6th. UBS Group lifted their price objective on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of JELD-WEN from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 29th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JELD-WEN has a consensus rating of “Reduce” and an average price target of $1.98.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.