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

JELD-WEN Holding, Inc. (NYSE:JELDGet Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,860,000 shares, a growth of 15.8% from the May 15th total of 2,470,000 shares. Based on an average daily volume of 864,400 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.4% of the shares of the stock are short sold.

JELD-WEN Stock Performance

Shares of JELD opened at $13.78 on Tuesday. The firm’s fifty day simple moving average is $16.73 and its two-hundred day simple moving average is $18.02. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $1.18 billion, a P/E ratio of 59.89 and a beta of 2.30.

JELD-WEN (NYSE:JELDGet Free Report) last released its earnings results on Monday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. The business had revenue of $959.10 million during the quarter, compared to analysts’ expectations of $972.62 million. As a group, analysts predict that JELD-WEN will post 1.19 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. B. Riley increased their price objective on shares of JELD-WEN from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Royal Bank of Canada lowered their target price on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, May 8th. StockNews.com lowered JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. UBS Group lowered their price objective on JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Truist Financial boosted their target price on shares of JELD-WEN from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.00.

Read Our Latest Stock Report on JELD-WEN

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its position in shares of JELD-WEN by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 40,531 shares of the company’s stock worth $765,000 after purchasing an additional 591 shares in the last quarter. Diversified Trust Co raised its stake in JELD-WEN by 4.2% during the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock worth $516,000 after buying an additional 981 shares during the period. ProShare Advisors LLC boosted its holdings in JELD-WEN by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after acquiring an additional 1,205 shares in the last quarter. Swiss National Bank grew its stake in JELD-WEN by 0.8% in the third quarter. Swiss National Bank now owns 186,800 shares of the company’s stock valued at $2,496,000 after acquiring an additional 1,500 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in shares of JELD-WEN by 9.7% during the third quarter. Rafferty Asset Management LLC now owns 20,491 shares of the company’s stock valued at $274,000 after acquiring an additional 1,817 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Company Profile

(Get Free Report)

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.

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