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

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 5,020,000 shares, an increase of 18.7% from the April 30th total of 4,230,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 2.6 days. Currently, 6.0% of the shares of the company are sold short.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $5.97 per share, with a total value of $298,500.00. Following the completion of the acquisition, the insider now directly owns 12,524,901 shares in the company, valued at approximately $74,773,658.97. The trade was a 0.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 649,267 shares of company stock valued at $3,406,605 over the last three months. Corporate insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after acquiring an additional 1,583,238 shares during the last quarter. Federated Hermes Inc. increased its stake in JELD-WEN by 868.6% in the first quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock valued at $8,325,000 after acquiring an additional 1,250,456 shares during the last quarter. Alberta Investment Management Corp bought a new position in JELD-WEN in the fourth quarter valued at $9,492,000. Parkwood LLC bought a new position in JELD-WEN in the fourth quarter valued at $8,815,000. Finally, Turtle Creek Asset Management Inc. increased its stake in JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after acquiring an additional 1,000,000 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.02 during trading on Friday, hitting $3.85. 1,008,991 shares of the company were exchanged, compared to its average volume of 1,076,256. The company has a market cap of $328.66 million, a PE ratio of -1.73 and a beta of 1.69. The stock has a 50 day moving average of $4.64 and a 200 day moving average of $6.95. JELD-WEN has a 52-week low of $3.27 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities research analysts predict that JELD-WEN will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

JELD has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price objective on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Barclays dropped their price objective on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.34.

JELD-WEN Company Profile

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.