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In a recent transaction, David G. Nord, a director at JELD-WEN Holding, Inc. (NYSE:JELD), acquired 20,000 shares of the company’s common stock. The purchase, executed on February 24, 2025, was completed at a weighted-average price of $5.9583 per share, amounting to a total investment of $119,166. The acquisition comes as the stock trades near its 52-week low of $5.62, having declined over 67% in the past year, according to InvestingPro data.
Following this acquisition, Nord now holds a direct ownership of 37,338 shares, with an additional 40,000 shares held indirectly through a trust. This transaction highlights Nord’s continued investment in JELD-WEN, a company known for its manufacturing of millwork and structural wood products. The company, currently valued at $493 million, operates with a significant debt burden, though InvestingPro analysis shows its liquid assets exceed short-term obligations.
The transaction was executed in multiple trades, and Nord has committed to providing full details of the trades upon request. This move comes amidst a fluctuating market environment, underscoring Nord’s confidence in the company’s future prospects. While currently unprofitable, analysts tracked by InvestingPro expect JELD-WEN to return to profitability this year, with 15+ additional key insights available to subscribers.
In other recent news, JELD-WEN Holding, Inc. reported a fourth-quarter net loss of $68.4 million, or ($0.81) per share, a sharp decline from the same period last year. Revenue for the quarter was $895.7 million, surpassing analyst expectations but reflecting a 12.3% decrease from the previous year. The company also introduced its full-year 2025 guidance, projecting revenues between $3.2 billion and $3.4 billion, which is below consensus estimates. Loop Capital Markets and Jefferies both adjusted their price targets for JELD-WEN, lowering them to $8 and $7, respectively, while maintaining Hold ratings on the stock.
The revisions were influenced by JELD-WEN’s 2025 guidance and recent performance, which did not meet market expectations. Additionally, JELD-WEN completed the sale of its Towanda, PA facility, which is expected to reduce annual revenues and EBITDA. The company remains focused on strategic transformation, including automation and service improvements. JELD-WEN also announced a new 2025 Management Incentive Plan aimed at aligning executive performance with shareholder interests. Despite these efforts, the company faces ongoing challenges in both North American and European markets.
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