American Woodmark Corporation $AMWD Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in American Woodmark Corporation by 42.0% in Q2, owning 24,278 shares valued at approximately $1,296,000.
• American Woodmark reported a loss of $0.13 per share compared to analyst expectations, with revenue down 12.2% from the previous year.
• The company's consensus target price is $70.00, with a current average rating of "Hold" from analysts.

Janney Montgomery Scott LLC grew its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 42.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,278 shares of the company's stock after acquiring an additional 7,185 shares during the quarter. Janney Montgomery Scott LLC owned about 0.17% of American Woodmark worth $1,296,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after buying an additional 197 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of American Woodmark by 34,380.0% in the second quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company's stock valued at $92,000 after buying an additional 1,719 shares in the last quarter. State of Wyoming acquired a new stake in shares of American Woodmark in the first quarter valued at about $172,000. XTX Topco Ltd acquired a new stake in shares of American Woodmark in the first quarter valued at about $204,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMWD shares. Weiss Ratings reiterated a "hold (c)" rating on shares of American Woodmark in a research note on Wednesday, October 8th. Robert W. Baird increased their target price on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $70.00.

American Woodmark Price Performance

Shares of AMWD opened at $64.39 on Monday. The firm has a market cap of $938.10 million, a price-to-earnings ratio of 11.52 and a beta of 1.19. The stock has a 50 day moving average of $65.22 and a 200-day moving average of $59.28. The company has a current ratio of 2.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.13). The firm had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.American Woodmark's revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.

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