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

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a large drop in short interest during the month of 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. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 478,500 shares, the days-to-cover ratio is currently 4.8 days.

Insider Activity

In other news, Director Roderick Wendt sold 10,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total value of $283,500.00. Following the transaction, the director now owns 304,558 shares of the company’s stock, valued at approximately $8,634,219.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Roderick Wendt sold 10,000 shares of the company’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 completion of the transaction, the director now directly owns 304,558 shares in the company, valued at approximately $8,634,219.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.84, for a total value of $1,071,360.00. Following the transaction, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,000 shares of company stock worth $2,698,610. 1.03% of the stock is currently owned by insiders.

Institutional Trading of JELD-WEN

A number of hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in JELD-WEN by 100.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company’s stock worth $28,000 after acquiring an additional 1,100 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in JELD-WEN in the third quarter worth approximately $29,000. Harvest Fund Management Co. Ltd bought a new stake in JELD-WEN in the 4th quarter worth approximately $47,000. Quantbot Technologies LP raised its stake in JELD-WEN by 182.7% during the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company’s stock valued at $59,000 after buying an additional 1,907 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of JELD-WEN by 22.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,635 shares of the company’s stock valued at $64,000 after buying an additional 659 shares during the period. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on JELD shares. B. Riley lifted their target price on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Royal Bank of Canada boosted their target price on JELD-WEN from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Wednesday, February 21st. Truist Financial raised their price target on JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Oppenheimer started coverage on JELD-WEN in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Finally, Loop Capital initiated coverage on JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.30.

JELD-WEN Trading Down 4.0 %

Shares of NYSE:JELD traded down $0.76 on Wednesday, hitting $18.47. The company had a trading volume of 488,278 shares, compared to its average volume of 594,005. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.67. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $19.31 and its two-hundred day simple moving average is $17.12. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 25.29 and a beta of 2.35.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $1.02 billion for 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 previous year, the firm posted $0.47 EPS. Equities analysts anticipate that JELD-WEN will post 1.67 earnings per share 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.