A company insider recently bought 29,763 shares of JELD-WEN Holding Inc. [JELD]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. JELD-WEN Holding Inc. shares valued at $426,542 were purchased by Turtle Creek Asset Management on Aug 01. At $14.33 per share, Turtle Creek Asset Management acquired 29,763 shares. The insider’s holdings grew to 11,294,812 shares worth approximately $171.79 million following the completion of this transaction.


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Also, Turtle Creek Asset Management purchased 121,815 shares, netting a total of over 1,683,934 in proceeds. Following the buying of shares at $13.82 each, the insider now holds 11,268,303 shares.

Before that, Turtle Creek Asset Management had added 325,000 shares to its account. In a trade valued at $4,260,002, the 10% Owner bought JELD-WEN Holding Inc. shares for $13.11 each. Upon closing the transaction, the insider’s holdings increased to 325,000 shares, worth approximately $169.78 million.

As published in a research note from Stifel on August 02, 2022, JELD-WEN Holding Inc. [JELD] has been rated down from a Buy to a Hold and the price target has been revised to $17 from $22. This represents a 10.53% premium over Thursday’s closing price. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid July. As of June 28, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for JELD. Earlier on June 22, 2022, RBC Capital Mkts downgraded its rating. Their new recommendation was “an Underperform” for JELD stock which previously was a “a Sector perform”.

Analyzing JELD’s Price Performance

On Thursday, JELD-WEN Holding Inc. [NYSE: JELD] rose 5.04% to $15.21. The stock’s lowest price that day was $14.75, but it reached a high of $15.25 in the same session. During the last five days, there has been a drop of approximately -14.02%. Over the course of the year, JELD-WEN Holding Inc. shares have dropped approximately -42.30%. Shares of the company reached a 52-week high of $27.59 on 01/05/22 and a 52-week low of $12.12 on 06/22/22. A 50-day SMA is recorded $16.25, while a 200-day SMA reached $21.62. Nevertheless, trading volume fell to 1.06 million shares from 1.95 million shares the previous day.

Support And Resistance Levels for JELD-WEN Holding Inc. (JELD)

According to the 24-hour chart, there is a support level at 14.89, which, if violated, would cause prices to drop to 14.57. In the upper region, resistance lies at 15.39. The next price resistance is at 15.57. RSI (Relative Strength Index) is 43.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 61.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is JELD-WEN Holding Inc. subject to short interest?

Stocks of JELD-WEN Holding Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.17 million shares to 3.27 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.1 million shares. A jump of 5.2% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.65.

Which companies own the most shares of JELD-WEN Holding Inc. (JELD)?

According to Fidelity Management & Research Co filings, the company currently owns 13,476,372 shares, which is about 15.48% of the total JELD shares outstanding. The investor’s shares have plunged by -234,808 from its previous 13-F filing of 13711180.0 shares. With the completion of the buy transaction, Turtle Creek Asset Management, In’s stake is now worth $192,284,630. Pzena Investment Management LLC acquire a 12.11% interest valued at $129.22 million while The Vanguard Group, Inc. purchased a 33,483 stake. A total of 343,177 shares of JELD-WEN Holding Inc. were bought by Fuller & Thaler Asset Management, during the quarter, and -153,019 were sold by BlackRock Fund Advisors. In its current portfolio, Wellington Management Co. LLP holds 3,895,286 shares valued at $56.83 million.

In terms of JELD-WEN Holding Inc. share price expectations, FactSet research, analysts set an average price target of $16.38 in the next 12 months, up nearly 3.59% from the previous closing price of $14.48. Analysts anticipate JELD-WEN Holding Inc. stock to reach $24.00 by 2022, with the lowest price target being $11.00. In spite of this, 14 analysts ranked JELD-WEN Holding Inc. stock as a Hold at the end of 2022. On April 05, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and initiated coverage with a $24.

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