Transaction Overview
On March 6, 2025, Turtle Creek Asset Management Inc. (Trades, Portfolio) executed a strategic transaction involving JELD-WEN Holding Inc. The firm added 136,801 shares of JELD-WEN at a trade price of $5.66, marking a 0.88% increase in its position. This acquisition brings Turtle Creek's total holdings in JELD-WEN to 15,594,721 shares. The transaction reflects a 0.02% impact on the firm's overall portfolio, with JELD-WEN now representing 2.29% of Turtle Creek's total investments and 18.38% of its holdings in the stock.About Turtle Creek Asset Management Inc. (Trades, Portfolio)
Turtle Creek Asset Management Inc. (Trades, Portfolio), based in Toronto, is a prominent investment firm known for its focus on value investing. The firm manages an equity portfolio valued at $3.85 billion, with significant investments in companies such as The Middleby Corp (MIDD, Financial) and Bread Financial Holdings Inc (BFH, Financial). Turtle Creek's investment strategy emphasizes identifying undervalued stocks with strong growth potential, primarily within the consumer cyclical and industrial sectors.
JELD-WEN Holding Inc. Overview
JELD-WEN Holding Inc., headquartered in the USA, is a leading manufacturer of doors and windows, catering primarily to the North American market. The company, which has been publicly traded since January 27, 2017, boasts a market capitalization of $505.365 million. JELD-WEN's product offerings include a wide range of interior and exterior building products, with operations spanning North America, Europe, and Australasia. The company generates the majority of its revenue from its North American segment.
Financial Metrics and Valuation
JELD-WEN's current stock price stands at $5.92, with a [GF Value](https://www.gurufocus.com/term/gf-value/JELD) of $12.61, suggesting a possible value trap. The stock's [GF Score](https://www.gurufocus.com/term/gf-score/JELD) is 64/100, indicating poor future performance potential. Despite these challenges, the stock has experienced a 4.59% gain since the transaction. However, it has seen a significant decline of 76.55% since its IPO. The company's financial strength is further reflected in its [Balance Sheet Rank](https://www.gurufocus.com/term/rank-balancesheet/JELD) of 4/10 and [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/JELD) of 6/10.Impact on Turtle Creek's Portfolio
The addition of JELD-WEN shares has a notable impact on Turtle Creek's portfolio. The stock now constitutes 2.29% of the firm's total investments, with the transaction accounting for 18.38% of Turtle Creek's holdings in JELD-WEN. This strategic move aligns with the firm's value investing philosophy, as it seeks to capitalize on potential undervaluation in the market.Performance and Growth Analysis
JELD-WEN has faced significant challenges since its IPO, with a price change of -76.55%. The company has experienced negative growth in key areas, including a 58.70% decline in EBITDA over the past three years. Despite a modest revenue growth of 1.50% over the same period, the company's [Growth Rank](https://www.gurufocus.com/term/rank-growth/JELD) is 2/10, indicating limited growth potential. The [Operating Margin](https://www.gurufocus.com/term/operating-margin/JELD) has also decreased by 23.00%, further highlighting the company's struggles.Other Notable Investors
Pzena Investment Management LLC holds the largest share percentage of JELD-WEN, indicating confidence in the company's potential. Other investment firms, such as HOTCHKIS & WILEY and First Eagle Investment (Trades, Portfolio), also maintain positions in JELD-WEN, reflecting a broader interest in the stock despite its recent challenges. In conclusion, Turtle Creek Asset Management Inc. (Trades, Portfolio)'s recent acquisition of JELD-WEN shares underscores the firm's commitment to value investing. While JELD-WEN faces significant hurdles, the transaction highlights Turtle Creek's strategic approach to identifying potential opportunities in the market.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.
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