On March 3, 2025, Turtle Creek Asset Management Inc. (Trades, Portfolio) executed a notable transaction by acquiring an additional 145,000 shares of JELD-WEN Holding Inc. (NYSE: JELD) at a trade price of $5.89 per share. This acquisition increased the firm's total holdings in JELD-WEN to 15,457,920 shares. The transaction reflects Turtle Creek's strategic decision to bolster its position in the company, which now constitutes 2.37% of the firm's portfolio and represents 18.22% of JELD-WEN's total shares outstanding.
About Turtle Creek Asset Management Inc. (Trades, Portfolio)
Turtle Creek Asset Management Inc. (Trades, Portfolio), headquartered in Toronto, is a distinguished investment firm with a portfolio equity of $3.85 billion. The firm is renowned for its investment focus on the Consumer Cyclical and Industrials sectors. Among its top holdings are companies such as The Middleby Corp (MIDD, Financial) and Bread Financial Holdings Inc (BFH, Financial). Turtle Creek's investment philosophy emphasizes identifying value opportunities within these sectors, leveraging its expertise to generate substantial returns for its investors.
Overview of JELD-WEN Holding Inc.
JELD-WEN Holding Inc. is a prominent manufacturer of doors and windows, catering to both residential and non-residential construction markets. The company operates across North America, Europe, and Australasia, with a significant portion of its revenue generated from North America. As of the latest data, JELD-WEN has a market capitalization of $474.311 million. Despite its extensive market presence, the company's current stock price is $5.59, which is significantly below its GF Value of $12.67, suggesting a potential value trap for investors.
Financial Metrics and Stock Analysis
JELD-WEN's financial metrics present a mixed picture. The stock has a GF Score of 65/100, indicating poor future performance potential. The company's Balance Sheet Rank is 4/10, reflecting moderate financial strength. Additionally, JELD-WEN's Profitability Rank is 6/10, while its Growth Rank is 3/10, highlighting challenges in achieving sustainable growth. The company's Altman Z score of 1.70 suggests potential financial distress, and its Piotroski F-Score of 4 indicates weak financial health.
Impact on Turtle Creek's Portfolio
The acquisition of additional JELD-WEN shares has increased the stock's position within Turtle Creek's portfolio to 2.37%. This strategic move underscores the firm's confidence in JELD-WEN's potential, despite the company's recent financial challenges. Turtle Creek's significant stake in JELD-WEN, now accounting for 18.22% of the total shares outstanding, positions the firm as a key stakeholder in the company's future trajectory.
Performance and Growth Indicators
JELD-WEN has faced a substantial decline in stock price since its IPO, with a -77.86% change. The company's recent financial performance has been marked by negative growth in EBITDA and earnings over the past three years, with EBITDA growth at -58.70% and earnings growth at -15.10%. These figures highlight the challenges JELD-WEN faces in reversing its downward trend and achieving sustainable growth.
Other Notable Investors in JELD-WEN
In addition to Turtle Creek, several other investment firms hold positions in JELD-WEN. 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 firms' involvement underscores the interest in JELD-WEN's potential turnaround and future prospects.
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.
