Significant Transaction by Richard Pzena (Trades, Portfolio)

On April 28, 2025, Richard Pzena (Trades, Portfolio) executed a notable transaction involving JELD-WEN Holding Inc. The firm decided to sell out its entire position in the company, resulting in a change of -10,311,305 shares. This strategic move marks a complete exit from JELD-WEN, reflecting a significant shift in the firm's investment strategy. The transaction was executed at a trade price of $5.57 per share, impacting the portfolio by -0.21. This decision comes amidst JELD-WEN's challenging market performance and financial metrics.

Richard Pzena (Trades, Portfolio): A Profile of the Investment Guru

Richard Pzena (Trades, Portfolio) is the founder and Co-Chief Investment Officer of Pzena Investment Management, LLC, a firm established in 1995. Pzena's investment philosophy is centered around identifying undervalued shares of fundamentally strong businesses. The firm meticulously evaluates whether price declines are temporary or permanent, aiming to capitalize on market inefficiencies. With a background from the Wharton School and an MBA from the University of Pennsylvania, Pzena has built a reputation for strategic value investing. The firm's top holdings include Cognizant Technology Solutions Corp (CTSH, Financial), Baxter International Inc (BAX, Financial), CVS Health Corp (CVS, Financial), Dollar General Corp (DG, Financial), and Magna International Inc (MGA, Financial).

Understanding JELD-WEN Holding Inc.

JELD-WEN Holding Inc, a USA-based company, specializes in the manufacturing of doors and windows. The company designs, produces, and distributes a wide range of building products, including doors, windows, and walls, catering to both residential and non-residential construction. With operations spanning North America, Europe, and Australasia, JELD-WEN generates the majority of its revenue from North America. The company went public on January 27, 2017, and has since faced various market challenges.

Financial Metrics and Valuation of JELD-WEN

JELD-WEN currently holds a market capitalization of $344.278 million, with a stock price of $4.04. The GF Valuation suggests a "Possible Value Trap," with a GF Value of $11.48, indicating a Price to GF Value ratio of 0.35. This suggests that the stock is trading significantly below its intrinsic value, raising concerns about its future performance. The company's financial strength is further questioned by its [Balance Sheet Rank](https://www.gurufocus.com/term/rank-balancesheet/JELD) of 4/10 and a [GF Score](https://www.gurufocus.com/term/gf-score/JELD) of 59/100, indicating poor future performance potential.

Performance and Growth Indicators

Since the transaction, JELD-WEN's stock has experienced a -27.47% change, and an -84% change since its IPO. The company's [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/JELD) stands at 6/10, while its [Growth Rank](https://www.gurufocus.com/term/rank-growth/JELD) is a mere 1/10, reflecting significant challenges in growth and profitability. The [Altman Z score](https://www.gurufocus.com/term/zscore/JELD) of 1.39 further indicates financial distress, and the [Piotroski F-Score](https://www.gurufocus.com/term/fscore/JELD) of 4 suggests weak financial health.

Current Holdings by Other Gurus

The largest guru holding shares of JELD-WEN is Hotchkis & Wiley Capital Management LLC. Other notable investors include First Eagle Investment (Trades, Portfolio) and Barrow, Hanley, Mewhinney & Strauss. These firms continue to hold positions in JELD-WEN, indicating varying levels of confidence in the company's potential recovery and future performance.

Implications of the Transaction

The sell-out by Richard Pzena (Trades, Portfolio) reflects a strategic decision, potentially influenced by JELD-WEN's financial challenges and market performance. The transaction's impact on the portfolio was -0.21, signifying a complete exit from the position in JELD-WEN. This move underscores the firm's cautious approach in navigating the current market landscape, particularly in light of JELD-WEN's declining stock performance and financial metrics.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.