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

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a significant decrease in short interest in February. As of February 29th, there was short interest totalling 2,610,000 shares, a decrease of 7.1% from the February 14th total of 2,810,000 shares. Based on an average daily volume of 451,600 shares, the days-to-cover ratio is presently 5.8 days. Currently, 3.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

JELD has been the topic of several recent analyst reports. Truist Financial lifted their target price on JELD-WEN from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, February 21st. Oppenheimer began coverage on JELD-WEN in a research report on Friday, January 19th. They set a “market perform” rating on the stock. B. Riley boosted their target price on JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Stifel Nicolaus boosted their target price on JELD-WEN from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. Finally, The Goldman Sachs Group boosted their target price on JELD-WEN from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, December 14th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.30.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Turtle Creek Asset Management sold 54,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 760,463 shares in the company, valued at $15,087,585.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roderick Wendt sold 10,000 shares of JELD-WEN stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $30.76, for a total value of $307,600.00. Following the completion of the sale, the director now owns 294,558 shares of the company’s stock, valued at $9,060,604.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,000 shares of company stock worth $2,698,610. 1.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. JPMorgan Chase & Co. increased its stake in JELD-WEN by 14.7% during the first quarter. JPMorgan Chase & Co. now owns 93,948 shares of the company’s stock worth $1,905,000 after purchasing an additional 12,065 shares during the period. Raymond James & Associates grew its stake in JELD-WEN by 19.5% during the 1st quarter. Raymond James & Associates now owns 43,286 shares of the company’s stock worth $878,000 after purchasing an additional 7,059 shares in the last quarter. Bank of New York Mellon Corp grew its stake in JELD-WEN by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 416,738 shares of the company’s stock worth $8,451,000 after purchasing an additional 18,879 shares in the last quarter. American Century Companies Inc. grew its stake in JELD-WEN by 21.3% during the 1st quarter. American Century Companies Inc. now owns 21,499 shares of the company’s stock worth $436,000 after purchasing an additional 3,778 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in JELD-WEN during the 1st quarter worth $320,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Stock Down 0.6 %

Shares of JELD traded down $0.12 during midday trading on Monday, reaching $18.44. 273,063 shares of the stock were exchanged, compared to its average volume of 449,715. JELD-WEN has a 52 week low of $10.96 and a 52 week high of $20.10. The company’s 50 day moving average is $18.51 and its two-hundred day moving average is $16.15. The company has a market capitalization of $1.58 billion, a P/E ratio of 25.26, a PEG ratio of 0.58 and a beta of 2.33. 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 (NYSE:JELD) last announced its quarterly earnings data on Monday, February 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. JELD-WEN had a return on equity of 17.99% and a net margin of 1.40%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $0.47 earnings per share. On average, sell-side analysts anticipate that JELD-WEN will post 1.72 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.