A company insider recently bought 17,800 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 $177,674 were purchased by Turtle Creek Asset Management on Sep 15. At $9.98 per share, Turtle Creek Asset Management acquired 17,800 shares. The insider’s holdings grew to 48,400 shares worth approximately $0.46 million following the completion of this transaction.


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Also, NORD DAVID G purchased 20,000 shares, netting a total of over 220,000 in proceeds. Following the buying of shares at $11.00 each, the insider now holds 20,000 shares.

Before that, WYNNE STEVEN E had added 18,000 shares to its account. In a trade valued at $199,170, the Director bought JELD-WEN Holding Inc. shares for $11.06 each. Upon closing the transaction, the insider’s holdings increased to 18,000 shares, worth approximately $0.17 million.

As published in their initiating research note from Deutsche Bank on August 18, 2022, JELD-WEN Holding Inc. [JELD] has been a Hold and the price target has been revised to $15. This represents a 36.4% premium over Wednesday’s closing price. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of July 14, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for JELD. Earlier on June 28, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for JELD stock which previously was a “an Overweight”.

Analyzing JELD’s Price Performance

On Wednesday, JELD-WEN Holding Inc. [NYSE: JELD] plunged -2.75% to $9.54. The stock’s lowest price that day was $9.515, but it reached a high of $9.95 in the same session. During the last five days, there has been a drop of approximately -4.50%. Over the course of the year, JELD-WEN Holding Inc. shares have dropped approximately -63.81%. Shares of the company reached a 52-week high of $27.59 on 01/05/22 and a 52-week low of $9.52 on 09/21/22. A 50-day SMA is recorded $13.35, while a 200-day SMA reached $19.24. Nevertheless, trading volume fell to 1.6 million shares from 1.18 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 9.39, which, if violated, would cause prices to drop to 9.23. In the upper region, resistance lies at 9.82. The next price resistance is at 10.10. RSI (Relative Strength Index) is 29.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 98.75%, indicating bearish price movement. Stochastics %K at buying 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 Turtle Creek Asset Management, In filings, the company currently owns 13,318,870 shares, which is about 15.81% of the total JELD shares outstanding. The investor’s shares have appreciated by 139,663 from its previous 13-F filing of 13179207.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $129,706,645. Pzena Investment Management LLC acquire a 12.11% interest valued at $98.75 million while Fuller & Thaler Asset Management, purchased a 1,236,617 stake. A total of -619,352 shares of JELD-WEN Holding Inc. were bought by The Vanguard Group, Inc. during the quarter, and -124,114 were sold by BlackRock Fund Advisors. In its current portfolio, Dimensional Fund Advisors LP holds 2,808,097 shares valued at $31.31 million.

In terms of JELD-WEN Holding Inc. share price expectations, FactSet research, analysts set an average price target of $16.37 in the next 12 months, up nearly 52.91% from the previous closing price of $9.81. Analysts anticipate JELD-WEN Holding Inc. stock to reach $23.00 by 2022, with the lowest price target being $11.00. On June 22, 2022, RBC Capital Mkts assigned a price target of “an Underperform” to the stock and downgraded coverage with a $12.

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