Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Grows By 5.6%

JELD-WEN Holding, Inc. (NYSE:JELD) saw 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. Currently, 3.2% of the company’s stock are sold short. Based on an average trading volume of 723,700 shares, the short-interest ratio is presently 3.6 days.

JELD-WEN Stock Performance

JELD-WEN stock opened at $8.08 on Friday. JELD-WEN has a 1-year low of $7.98 and a 1-year high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market capitalization 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 issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, analysts expect that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the business’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 acquisition, the insider now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company’s stock worth $151,492,000 after buying an additional 261,157 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in JELD-WEN by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Victory Capital Management Inc. raised its position in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after purchasing an additional 2,010,275 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after purchasing an additional 21,264 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.