JELD-WEN (NYSE:JELD) Shares Gap Up on Insider Buying Activity

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $10.28, but opened at $10.85. JELD-WEN shares last traded at $10.90, with a volume of 106,025 shares changing hands.

Specifically, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the transaction, the insider now directly owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Turtle Creek Asset Management bought 450,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $10.06 per share, with a total value of $4,527,000.00. Following the completion of the purchase, the insider now owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JELD shares. UBS Group cut their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. B. Riley cut their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Loop Capital lowered their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Barclays dropped their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.90.

JELD-WEN Stock Up 6.0 %

The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The firm has a fifty day moving average of $14.64 and a 200-day moving average of $14.99. The firm has a market cap of $921.49 million, a P/E ratio of -5.61 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts anticipate that JELD-WEN Holding, Inc. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after purchasing an additional 1,922 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of JELD-WEN during the second quarter worth $30,000. Blue Trust Inc. lifted its stake in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of JELD-WEN during the 2nd quarter valued at $92,000. Finally, MQS Management LLC acquired a new position in JELD-WEN in the 3rd quarter worth about $160,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.