JELD-WEN Holding, Inc. (NYSE:JELD – Get Free Report) 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.
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.
Get Our Latest Report on JELD-WEN
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.
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