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Turtle Creek Asset Management Inc., a Toronto-based investment firm, has increased its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by purchasing a total of 144,000 shares. The timing appears strategic, as InvestingPro data shows the stock trading near its 52-week low of $5.45, having declined nearly 70% over the past year. The transactions, which took place over several days from February 27 to March 3, 2025, were executed at prices ranging from $5.6907 to $6.0819 per share. The total value of these acquisitions amounts to approximately $854,358. With a current market capitalization of $473 million and a debt-to-equity ratio of 2.13, JELD-WEN operates with significant leverage. Following these purchases, Turtle Creek Asset Management holds a significant position in the company, reflecting its continued confidence in JELD-WEN’s prospects. According to InvestingPro analysis, while the company currently shows a WEAK financial health score, analysts expect a return to profitability this year. Discover 18 additional key insights and comprehensive analysis in the Pro Research Report, available exclusively to InvestingPro 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 significant decline from the previous year’s loss. The company’s revenue for the quarter was $895.7 million, a 12.3% decrease from the prior year, though it surpassed analyst expectations. For the full year, JELD-WEN’s net revenues from continuing operations fell by 12.3% to $3.775.6 million, with a net loss of ($187.6) million. In addition, JELD-WEN introduced guidance for 2025, projecting revenues between $3.2 billion and $3.4 billion, which is below the consensus estimate.
The company recently completed the sale of its Towanda, PA facility to Woodgrain Inc. for $115 million, following a legal mandate. This divestiture is expected to reduce annual revenues by $150 million to $200 million. Analysts at 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. The revisions were influenced by the company’s recent earnings and guidance, as well as the impact of the Towanda sale.
Furthermore, JELD-WEN unveiled its 2025 Management Incentive Plan, aiming to align executive and shareholder interests through performance-based bonuses. Despite the ongoing challenges, the company is focused on strategic transformation and service level improvements to regain market share.
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