JELD-WEN Holding, Inc. (JELD) Position Lowered by Park National Corp OH
Park National Corp OH cut its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 21.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,873 shares of the company’s stock after selling 17,813 shares during the period. Park National Corp OH owned approximately 0.06% of JELD-WEN Holding worth $2,269,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of JELD-WEN Holding during the 2nd quarter worth about $105,000. Legal & General Group Plc purchased a new position in shares of JELD-WEN Holding during the 1st quarter worth about $130,000. Oppenheimer Asset Management Inc. purchased a new position in shares of JELD-WEN Holding during the 2nd quarter worth about $135,000. PNC Financial Services Group Inc. purchased a new position in shares of JELD-WEN Holding during the 1st quarter worth about $138,000. Finally, FNY Partners Fund LP purchased a new position in shares of JELD-WEN Holding during the 1st quarter worth about $197,000. 42.13% of the stock is owned by hedge funds and other institutional investors.
JELD-WEN Holding, Inc. (NYSE JELD) traded down 0.34% during midday trading on Tuesday, reaching $35.61. 51,528 shares of the company’s stock traded hands. The company has a market capitalization of $3.75 billion and a price-to-earnings ratio of 218.47. The firm’s 50-day moving average is $33.81 and its 200-day moving average is $32.30. JELD-WEN Holding, Inc. has a 1-year low of $24.95 and a 1-year high of $36.36.
JELD-WEN Holding (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). JELD-WEN Holding had a net margin of 9.12% and a return on equity of 93.93%. The business had revenue of $948.70 million during the quarter, compared to analysts’ expectations of $974.57 million. JELD-WEN Holding’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that JELD-WEN Holding, Inc. will post $1.63 earnings per share for the current year.
A number of equities analysts recently commented on JELD shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of JELD-WEN Holding in a research note on Monday, June 19th. Credit Suisse Group began coverage on shares of JELD-WEN Holding in a research note on Thursday, June 22nd. They set an “outperform” rating and a $39.00 price target for the company. Zacks Investment Research raised shares of JELD-WEN Holding from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, July 25th. Gabelli began coverage on shares of JELD-WEN Holding in a research report on Wednesday, July 26th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, J P Morgan Chase & Co raised shares of JELD-WEN Holding from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $38.00 in a research report on Wednesday, September 6th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.86.
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JELD-WEN Holding 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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