JELD-WEN Holding, Inc. (NYSE:JELD) Sees Significant Increase in Short Interest

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,070,000 shares, a growth of 7.3% from the May 31st total of 2,860,000 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily trading volume, of 885,800 shares, the short-interest ratio is presently 3.5 days.

JELD-WEN Stock Performance

NYSE JELD opened at $13.14 on Thursday. The firm has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $17.67. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.75. The company has a market capitalization of $1.13 billion, a P/E ratio of 57.13 and a beta of 2.28. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. The business had revenue of $959.10 million during the quarter, compared to analysts’ expectations of $972.62 million. Analysts anticipate that JELD-WEN will post 1.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays reduced their target price on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating on the stock in a report on Wednesday, May 8th. UBS Group dropped their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, StockNews.com downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. First Hawaiian Bank increased its holdings in JELD-WEN by 35.4% in the 2nd quarter. First Hawaiian Bank now owns 55,954 shares of the company’s stock valued at $754,000 after buying an additional 14,641 shares during the period. Boston Partners increased its stake in JELD-WEN by 216.8% in the first quarter. Boston Partners now owns 67,925 shares of the company’s stock valued at $1,442,000 after acquiring an additional 46,485 shares during the last quarter. Caxton Associates LP acquired a new position in JELD-WEN during the first quarter valued at approximately $507,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of JELD-WEN by 7.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,803 shares of the company’s stock valued at $888,000 after purchasing an additional 3,044 shares in the last quarter. Finally, Beaconlight Capital LLC increased its stake in shares of JELD-WEN by 6.9% in the 1st quarter. Beaconlight Capital LLC now owns 554,439 shares of the company’s stock valued at $11,771,000 after purchasing an additional 35,708 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.