Turtle Creek Asset Management Inc., a significant shareholder in JELD-WEN Holding, Inc. (NYSE:JELD), recently increased its stake in the company. According to a recent filing, Turtle Creek acquired a total of 175,690 shares of JELD-WEN common stock over several transactions on April 11, 14, and 15, 2025. The purchase price per share ranged from $5.1373 to $5.1518, resulting in a total investment of approximately $899,947. These purchases come as the stock trades near its 52-week low of $4.91, having declined over 73% in the past year. InvestingPro analysis suggests the stock is currently undervalued.
This series of transactions was executed through various funds managed by Turtle Creek, including the Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek North American Equity Fund, and Turtle Creek Synthetic PE Fund. The firm’s role as an investment manager was emphasized, with a disclaimer of beneficial ownership except to the extent of its pecuniary interest. While JELD-WEN operates with a significant debt burden, with a debt-to-equity ratio of 2.13, analysts expect the company to return to profitability this year with forecasted earnings of $0.45 per share.
The purchases reflect Turtle Creek’s continued interest in JELD-WEN, a company known for its production of millwork, veneer, plywood, and structural wood members. These transactions highlight the firm’s strategic positioning within the industry. InvestingPro subscribers can access 15+ additional investment tips and a comprehensive analysis of JELD-WEN’s financial health, valuation metrics, and growth prospects through the exclusive Pro Research Report.
In other recent news, JELD-WEN Holding, Inc. reported a fourth-quarter net loss of $68.4 million, or ($0.81) per share, which was a significant decline from the previous year. Revenue for the quarter was $895.7 million, surpassing the consensus estimate of $859.65 million but still representing a 12.3% decrease from the previous year. The company has projected 2025 revenues between $3.2 billion and $3.4 billion, below the consensus of $3.431 billion, with an expected core revenue decline of 4% to 9% compared to 2024. The company also completed the sale of its Towanda facility, resulting in a decrease in annual revenues by $150 million to $200 million. Analysts from Jefferies and Loop Capital have adjusted their price targets for JELD-WEN, with Jefferies lowering it to $7 and Loop Capital to $8, both maintaining a Hold rating. Loop Capital noted the company’s ongoing strategic transformation and the challenges it faces in North American and European markets. Additionally, JELD-WEN announced a 2025 Management Incentive Plan to align executive performance with shareholder interests, offering bonuses based on achieving specific performance targets. Despite these challenges, JELD-WEN remains committed to its strategic plans, focusing on service improvements and manufacturing optimization.
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