Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Declines By 8.9%

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,750,000 shares, a drop of 8.9% from the September 15th total of 3,020,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 630,000 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Investors Weigh In On JELD-WEN

A number of institutional investors and hedge funds have recently bought and sold shares of JELD. Pzena Investment Management LLC raised its holdings in shares of JELD-WEN by 26.3% in the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after purchasing an additional 1,939,052 shares in the last quarter. Vanguard Group Inc. raised its stake in JELD-WEN by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,862,466 shares of the company’s stock worth $167,323,000 after buying an additional 71,917 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in JELD-WEN by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock worth $43,461,000 after buying an additional 191,657 shares during the period. Bank of New York Mellon Corp boosted its position in JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after acquiring an additional 220,177 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Trading Down 1.1 %

JELD stock traded down $0.17 during mid-day trading on Thursday, reaching $15.68. 77,608 shares of the stock traded hands, compared to its average volume of 654,220. JELD-WEN has a one year low of $11.02 and a one year high of $21.75. The stock has a market capitalization of $1.35 billion, a PE ratio of 68.91 and a beta of 2.24. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The business has a 50-day moving average price of $14.76 and a two-hundred day moving average price of $15.64.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $986.00 million for the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The business’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. Equities research analysts expect that JELD-WEN will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JELD shares. Barclays lowered their price target on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada reissued an “underperform” rating and set a $13.00 price target on shares of JELD-WEN in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Loop Capital decreased their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.30.

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.