Jeld-Wen Holding Inc (NYSE:JELD) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 3,097,818 shares, a growth of 58.5% from the January 31st total of 1,954,957 shares. Based on an average daily volume of 759,578 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.8% of the shares of the stock are short sold.
In other Jeld-Wen news, Director Patrick Wright Tolbert bought 2,860 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $30.88 per share, with a total value of $88,316.80. Following the completion of the transaction, the director now directly owns 4,343 shares of the company’s stock, valued at approximately $134,111.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Roderick Wendt sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $32.17, for a total transaction of $965,100.00. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in JELD. Peregrine Capital Management LLC boosted its position in Jeld-Wen by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares during the period. Victory Capital Management Inc. bought a new position in Jeld-Wen during the fourth quarter worth $4,318,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Jeld-Wen in the third quarter valued at about $579,000. Rhumbline Advisers boosted its position in shares of Jeld-Wen by 118.2% in the third quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock valued at $2,060,000 after acquiring an additional 31,416 shares during the period. Finally, Pzena Investment Management LLC boosted its position in shares of Jeld-Wen by 21.1% in the fourth quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock valued at $187,243,000 after acquiring an additional 829,539 shares during the period. 53.84% of the stock is owned by institutional investors and hedge funds.
Shares of Jeld-Wen (JELD) opened at $33.19 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.28 and a current ratio of 1.98. Jeld-Wen has a fifty-two week low of $27.61 and a fifty-two week high of $42.27. The company has a market cap of $3,859.21, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.07 and a beta of 2.76.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.15). Jeld-Wen had a net margin of 0.29% and a return on equity of 18.76%. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1 billion. The company’s revenue was up .3% compared to the same quarter last year. equities analysts anticipate that Jeld-Wen will post 2.22 earnings per share for the current fiscal year.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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