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

JELD-WEN Holding, Inc. (NYSE:JELD) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,310,000 shares, a drop of 9.1% from the March 15th total of 2,540,000 shares. Based on an average daily volume of 478,500 shares, the days-to-cover ratio is presently 4.8 days. Currently, 2.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on JELD-WEN from $18.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Loop Capital initiated coverage on JELD-WEN in a report on Thursday, February 15th. They set a “hold” rating and a $22.00 target price for the company. Truist Financial lifted their target price on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. B. Riley lifted their target price on JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Finally, Oppenheimer initiated coverage on JELD-WEN in a report on Friday, January 19th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.30.

Insider Activity at JELD-WEN

In related news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total transaction of $283,500.00. Following the sale, the director now owns 304,558 shares of the company’s stock, valued at $8,634,219.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.84, for a total transaction of $1,071,360.00. Following the sale, the insider now owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $28.35, for a total value of $283,500.00. Following the sale, the director now owns 304,558 shares in the company, valued at approximately $8,634,219.30. The disclosure for this sale can be found here. Insiders have sold a total of 127,000 shares of company stock valued at $2,698,610 over the last quarter. 1.03% of the stock is owned by corporate insiders.

Institutional Trading of JELD-WEN

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in JELD-WEN by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock valued at $167,323,000 after buying an additional 71,917 shares in the last quarter. BlackRock Inc. grew its holdings in JELD-WEN by 7.9% in the 2nd quarter. BlackRock Inc. now owns 7,180,977 shares of the company’s stock valued at $125,954,000 after buying an additional 526,959 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in JELD-WEN by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,720,799 shares of the company’s stock valued at $51,370,000 after buying an additional 157,383 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in JELD-WEN by 1.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,179,640 shares of the company’s stock valued at $21,034,000 after buying an additional 41,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in JELD-WEN by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,024,732 shares of the company’s stock valued at $27,050,000 after buying an additional 76,609 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

Shares of JELD traded down $0.76 during trading hours on Wednesday, hitting $18.47. 488,278 shares of the stock were exchanged, compared to its average volume of 594,005. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.49 and a current ratio of 2.20. The stock’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $17.12. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 25.29 and a beta of 2.35. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.67.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. During the same period in the prior year, the business earned $0.47 EPS. Research analysts expect that JELD-WEN will post 1.67 earnings per share for the current 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.