Hotchkis & Wiley Capital Management LLC Buys 9,400 Shares of American Woodmark Corporation $AMWD

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in American Woodmark Corporation by 8.3%, totaling approximately 122,990 shares valued at $7.24 million.
• Several large investors, including Quantbot Technologies LP and Russell Investments Group Ltd., have also recently boosted their stakes in the company, indicating strong institutional interest as they own 95.47% of AMWD's stock.
• Wall Street analysts have mixed views on AMWD, with the current consensus rating at "Hold" and a target price of $70.00, following a decrease in price targets from some firms due to a drop in revenue year-over-year.

Hotchkis & Wiley Capital Management LLC boosted its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,990 shares of the company's stock after purchasing an additional 9,400 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.83% of American Woodmark worth $7,236,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its stake in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after purchasing an additional 259 shares during the period. Public Employees Retirement System of Ohio bought a new stake in American Woodmark in the 4th quarter valued at $43,000. GAMMA Investing LLC boosted its stake in American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after purchasing an additional 197 shares during the period. XTX Topco Ltd bought a new stake in American Woodmark in the 1st quarter valued at $204,000. Finally, PNC Financial Services Group Inc. boosted its stake in American Woodmark by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after purchasing an additional 193 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird boosted their price target on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Loop Capital cut their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Price Performance

AMWD traded down $0.44 during trading on Friday, hitting $64.57. 115,101 shares of the stock traded hands, compared to its average volume of 302,275. The business has a 50 day moving average price of $57.84 and a 200 day moving average price of $58.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.02. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $104.28. The company has a market cap of $940.78 million, a price-to-earnings ratio of 11.55 and a beta of 1.20.

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

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.