Insider Selling: JELD-WEN Holding, Inc. (NYSE:JELD) Major Shareholder Sells 20,832,636 Shares of Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Corp Onex sold 20,832,636 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $32.74, for a total transaction of $682,060,502.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Corp Onex also recently made the following trade(s):

  • On Monday, November 20th, Corp Onex sold 14,211,736 shares of JELD-WEN stock. The stock was sold at an average price of $32.74, for a total transaction of $465,292,236.64.
  • On Tuesday, November 14th, Corp Onex sold 12,465,047 shares of JELD-WEN stock. The shares were sold at an average price of $32.74, for a total transaction of $408,105,638.78.

Shares of JELD-WEN Holding, Inc. (NYSE:JELD) traded down $0.51 on Monday, reaching $38.19. 408,537 shares of the company’s stock traded hands, compared to its average volume of 717,270. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. JELD-WEN Holding, Inc. has a fifty-two week low of $24.95 and a fifty-two week high of $40.25.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. The business had revenue of $991.40 million during the quarter, compared to analyst estimates of $974.98 million. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that JELD-WEN Holding, Inc. will post 1.59 EPS for the current fiscal year.

A number of equities analysts recently weighed in on JELD shares. Zacks Investment Research downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of JELD-WEN in a report on Tuesday, August 29th. J P Morgan Chase & Co upgraded shares of JELD-WEN from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group upgraded shares of JELD-WEN from a “neutral” rating to a “buy” rating and boosted their target price for the company from $35.00 to $37.00 in a research note on Wednesday, September 6th. Finally, Bank of America raised shares of JELD-WEN from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $40.00 in a research report on Thursday, September 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $37.27.

A number of hedge funds and other institutional investors have recently modified their holdings of JELD. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in JELD-WEN in the 2nd quarter worth $105,000. Quantbot Technologies LP bought a new position in JELD-WEN in the 3rd quarter worth $110,000. Legal & General Group Plc bought a new position in JELD-WEN in the 1st quarter worth $130,000. Oppenheimer Asset Management Inc. bought a new position in JELD-WEN in the 2nd quarter worth $135,000. Finally, PNC Financial Services Group Inc. bought a new position in JELD-WEN in the 1st quarter worth $138,000. Institutional investors and hedge funds own 41.03% of the company’s stock.

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About JELD-WEN

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

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