JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Update

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,640,000 shares, a growth of 5.6% from the November 30th total of 2,500,000 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 723,700 shares, the short-interest ratio is presently 3.6 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JELD shares. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. UBS Group dropped their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.63.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the transaction, the insider now owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. The trade was a 1.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JELD. Blue Trust Inc. increased its position in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of JELD-WEN by 102.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after acquiring an additional 2,216 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at about $92,000. MQS Management LLC bought a new stake in shares of JELD-WEN during the 3rd quarter valued at about $160,000. Finally, Xponance Inc. bought a new stake in shares of JELD-WEN during the 2nd quarter valued at about $198,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Down 1.3 %

NYSE:JELD opened at $8.08 on Friday. JELD-WEN has a one year low of $7.98 and a one year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market cap of $683.73 million, a PE ratio of -4.42 and a beta of 2.12. The firm’s 50 day simple moving average is $10.55 and its 200 day simple moving average is $13.23.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis. On average, research analysts anticipate that JELD-WEN will post 0.73 earnings per share for the current year.

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.