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

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 3,070,000 shares, an increase of 7.3% from the May 31st total of 2,860,000 shares. Based on an average trading volume of 885,800 shares, the short-interest ratio is presently 3.5 days. Approximately 3.6% of the shares of the company are sold short.

JELD-WEN Trading Down 0.5 %

Shares of NYSE:JELD traded down $0.06 during midday trading on Tuesday, reaching $12.91. The company’s stock had a trading volume of 527,642 shares, compared to its average volume of 688,349. The business has a 50 day moving average price of $15.44 and a 200 day moving average price of $17.70. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 56.13 and a beta of 2.28. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The company had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. Research analysts forecast that JELD-WEN will post 1.19 EPS for the current year.

Institutional Trading of JELD-WEN

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in JELD-WEN during the 4th quarter worth approximately $47,000. Quest Partners LLC purchased a new position in JELD-WEN in the fourth quarter valued at approximately $103,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of JELD-WEN in the fourth quarter worth $118,000. Finally, International Assets Investment Management LLC purchased a new position in shares of JELD-WEN in the 4th quarter valued at $125,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, May 13th. Royal Bank of Canada cut their price objective on JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research report on Wednesday, May 8th. StockNews.com lowered shares of JELD-WEN from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, UBS Group decreased their price target on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of “Hold” and an average target price of $18.00.

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.