On January 10, 2025, Turtle Creek Asset Management Inc. (Trades, Portfolio) made a strategic move by acquiring an additional 395,000 shares of JELD-WEN Holding Inc. (NYSE: JELD). This transaction increased the firm's total holdings in JELD-WEN to 15,237,920 shares. The shares were purchased at a price of $7.75 each, reflecting the firm's confidence in the potential of JELD-WEN's business operations and market position. This acquisition now positions JELD-WEN as a significant component of Turtle Creek's portfolio, constituting 2.83% of its total holdings and representing an 18.01% stake in the company.
About Turtle Creek Asset Management Inc. (Trades, Portfolio)
Turtle Creek Asset Management Inc. (Trades, Portfolio), headquartered at 4 King Street West, Suite 1300, Toronto, is renowned for its value investing approach. The firm maintains a diversified portfolio, focusing on long-term growth and value creation. Among its top holdings are The Middleby Corp (MIDD, Financial), Bread Financial Holdings Inc (BFH, Financial), Berry Global Group Inc (BERY, Financial), ATS Corp (ATS, Financial), and JELD-WEN Holding Inc (JELD, Financial). With an equity value of $4.17 billion, Turtle Creek emphasizes investments in the Consumer Cyclical and Industrials sectors, showcasing its strategic focus on industries with potential for robust growth.
JELD-WEN Holding Inc.: Company Overview
JELD-WEN Holding Inc. is a prominent player in the construction industry, specializing in the manufacturing of doors and windows. The company serves both residential and non-residential construction markets, with operations segmented across North America, Europe, and Australasia. A significant portion of its revenue is generated from the North American market. As of the latest data, JELD-WEN has a market capitalization of $654.956 million, with its stock trading at $7.74 per share. The company's [GF-Score](https://www.gurufocus.com/term/gf-score/JELD) is 69 out of 100, indicating a potential for poor future performance.
Financial Metrics and Valuation
JELD-WEN's current stock price of $7.74 is significantly undervalued compared to its [GF Value](https://www.gurufocus.com/term/rank-gf-value/JELD) of $13.72, resulting in a price to GF Value ratio of 0.56. This suggests a potential opportunity for value investors. Despite a year-to-date price change of -4.21%, the company has demonstrated a 3-year revenue growth of 6.40% and earnings growth of 15.60%. However, its [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/JELD) and [Growth Rank](https://www.gurufocus.com/term/rank-growth/JELD) are moderate, with scores of 6/10 and 4/10, respectively.
Performance and Growth Indicators
JELD-WEN's financial performance presents a mixed picture. The company's [Operating Margin](https://www.gurufocus.com/term/operating-margin/JELD) growth has declined by 3.70%, and its [Altman Z score](https://www.gurufocus.com/term/zscore/JELD) of 1.85 indicates potential financial distress. The [Piotroski F-Score](https://www.gurufocus.com/term/fscore/JELD) is 4, suggesting weak financial health. Despite these challenges, the firm's strategic positioning in the construction industry and its focus on innovation could drive future growth.
Notable Investors in JELD-WEN
JELD-WEN has attracted interest from several prominent investors. Pzena Investment Management LLC is the largest shareholder, while other notable investors include HOTCHKIS & WILEY, First Eagle Investment (Trades, Portfolio), and Barrow, Hanley, Mewhinney & Strauss. These investors' involvement underscores the potential value and growth opportunities that JELD-WEN presents.
Conclusion
Turtle Creek Asset Management's recent acquisition of additional shares in JELD-WEN Holding Inc. reflects a strategic decision to capitalize on the company's undervaluation and growth potential. For value investors, JELD-WEN's current market position and financial metrics offer a compelling case for consideration. As the firm continues to navigate the challenges and opportunities within the construction industry, its performance will be closely watched by investors seeking long-term value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
