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

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a large growth in short interest in 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. Based on an average daily volume of 723,700 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This trade represents a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

JELD-WEN Stock Performance

NYSE JELD opened at $8.19 on Thursday. The firm’s fifty day moving average price is $10.67 and its two-hundred day moving average price is $13.27. The stock has a market cap of $693.04 million, a PE ratio of -4.48 and a beta of 2.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a fifty-two week low of $7.98 and a fifty-two week high of $21.75.

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

About JELD-WEN

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.