First Hawaiian Bank Purchases 14,641 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

First Hawaiian Bank raised its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 35.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,954 shares of the company’s stock after acquiring an additional 14,641 shares during the period. First Hawaiian Bank owned approximately 0.07% of JELD-WEN worth $754,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in JELD-WEN in the fourth quarter worth about $47,000. Quest Partners LLC acquired a new position in JELD-WEN in the fourth quarter worth about $103,000. DekaBank Deutsche Girozentrale acquired a new position in JELD-WEN in the fourth quarter worth about $118,000. Finally, International Assets Investment Management LLC acquired a new position in JELD-WEN in the fourth quarter worth about $125,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Performance

Shares of JELD stock traded down $0.66 during midday trading on Monday, hitting $14.68. 888,845 shares of the company were exchanged, compared to its average volume of 697,047. The firm has a market capitalization of $1.26 billion, a P/E ratio of 64.39 and a beta of 2.28. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.39 and a current ratio of 2.08. The firm’s 50 day moving average price is $14.54 and its two-hundred day moving average price is $17.16. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.75.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JELD shares. UBS Group dropped their price target on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays dropped their price objective on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, May 8th. Finally, StockNews.com lowered shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.80.

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.