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

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,310,000 shares, a decline of 9.1% from the March 15th total of 2,540,000 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 478,500 shares, the short-interest ratio is presently 4.8 days.

JELD-WEN Trading Down 0.7 %

Shares of NYSE:JELD traded down $0.14 during mid-day trading on Monday, reaching $19.23. The stock had a trading volume of 477,482 shares, compared to its average volume of 496,028. The firm has a market cap of $1.65 billion, a PE ratio of 26.34 and a beta of 2.35. The firm has a 50 day simple moving average of $19.31 and a two-hundred day simple moving average of $17.09. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 1.40. JELD-WEN has a twelve month low of $11.02 and a twelve month high of $21.67.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, February 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. JELD-WEN had a net margin of 1.40% and a return on equity of 17.99%. During the same period last year, the business posted $0.47 earnings per share. On average, research analysts predict that JELD-WEN will post 1.67 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 53,000 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the sale, the insider now owns 814,463 shares in the company, valued at approximately $15,922,751.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction that occurred on 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 directly owns 304,558 shares of the company's stock, valued at $8,634,219.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management sold 53,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $19.55, for a total value of $1,036,150.00. Following the completion of the transaction, the insider now directly owns 814,463 shares of the company's stock, valued at $15,922,751.65. The disclosure for this sale can be found here. Insiders have sold 127,000 shares of company stock worth $2,698,610 over the last three months. Company insiders own 1.03% of the company's stock.

Institutional Trading of JELD-WEN

A number of large investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its holdings in shares of JELD-WEN by 100.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the company's stock valued at $28,000 after buying an additional 1,100 shares during the period. Harvest Fund Management Co. Ltd bought a new position in JELD-WEN during the 4th quarter worth about $47,000. Quantbot Technologies LP raised its stake in shares of JELD-WEN by 182.7% in the 1st quarter. Quantbot Technologies LP now owns 2,951 shares of the company's stock valued at $59,000 after purchasing an additional 1,907 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of JELD-WEN in the third quarter valued at about $29,000. Finally, Osaic Holdings Inc. boosted its position in shares of JELD-WEN by 22.1% during the second quarter. Osaic Holdings Inc. now owns 3,635 shares of the company's stock worth $64,000 after buying an additional 659 shares during the period. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on JELD shares. B. Riley upped their price target on JELD-WEN from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 21st. Loop Capital initiated coverage on shares of JELD-WEN in a report on Thursday, February 15th. They set a "hold" rating and a $22.00 price target for the company. Royal Bank of Canada boosted their price target on shares of JELD-WEN from $15.00 to $16.00 and gave the company an "underperform" rating in a research report on Wednesday, February 21st. Stifel Nicolaus raised their price objective on shares of JELD-WEN from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Tuesday, December 19th. Finally, Oppenheimer started coverage on JELD-WEN in a report on Friday, January 19th. They issued a "market perform" rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.30.

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.