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Turtle Creek Asset Management Inc., a significant shareholder in JELD-WEN Holding, Inc. (NYSE:JELD), has increased its stake in the company with a series of stock purchases. According to a recent filing, Turtle Creek acquired shares worth approximately $774,036 over two days, March 5 and 6, 2025. The timing is notable as the stock has shown a strong 12% gain over the past week, though it remains significantly below its 52-week high of $21.75.
The purchases involved multiple transactions, with prices ranging from $5.49 to $5.88 per share. The transactions were executed through various funds managed by Turtle Creek, including the Turtle Creek Equity Fund and Turtle Creek Investment Fund, among others. Track institutional investments and get comprehensive analysis with InvestingPro, which shows management has been actively buying back shares despite the company’s significant debt burden.
The acquisitions reflect Turtle Creek’s continued investment in JELD-WEN, a leading manufacturer in the millwork and structural wood products industry. As of the latest transactions, the firm holds a substantial number of shares across its managed funds. According to InvestingPro, the company’s current market capitalization stands at $524 million, with analysts projecting a return to profitability this year despite recent challenges. Get access to 15+ additional exclusive ProTips and detailed financial analysis in the comprehensive Pro Research Report.
In other recent news, JELD-WEN Holding, Inc. has reported a disappointing financial performance for the fourth quarter, with a net loss of $68.4 million, or ($0.81) per share, compared to a net loss of $22.6 million in the same period last year. The company also revealed a 12.3% decrease in revenue to $895.7 million, although this surpassed the consensus estimate. Looking forward, JELD-WEN projects 2025 revenues between $3.2 billion and $3.4 billion, falling short of the consensus of $3.431 billion. The company anticipates a core revenue decline of 4% to 9% compared to 2024, with adjusted EBITDA expected to range from $215 to $265 million.
In response to these challenges, JELD-WEN has outlined a 2025 Management Incentive Plan to motivate executive officers and key personnel through performance-based bonuses. Meanwhile, Jefferies and Loop Capital Markets have adjusted their price targets for JELD-WEN to $7 and $8, respectively, while maintaining a Hold rating. The revisions reflect ongoing demand challenges and the impact of JELD-WEN’s recent divestiture of its Towanda facility, which is expected to reduce annual revenues and EBITDA.
The Towanda divestiture concluded a legal dispute and was sold to Woodgrain Inc. for $115 million. Despite these setbacks, JELD-WEN remains committed to strategic transformation efforts, focusing on service level improvements and manufacturing optimization. These initiatives aim to regain market share and improve margins when market conditions stabilize.
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