Hotchkis & Wiley Capital Management LLC Has $7.24 Million Holdings in 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 lifted its stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,990 shares of the company's stock after acquiring an additional 9,400 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.83% of American Woodmark worth $7,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its position in shares of American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after buying an additional 259 shares during the period. Public Employees Retirement System of Ohio bought a new position in American Woodmark during the fourth quarter valued at about $43,000. GAMMA Investing LLC raised its holdings in American Woodmark by 32.9% during 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. EP Wealth Advisors LLC increased its stake in shares of American Woodmark by 16.6% in the fourth quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company's stock worth $248,000 after purchasing an additional 444 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of American Woodmark in the first quarter worth about $204,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Robert W. Baird lifted their price objective on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday. Loop Capital decreased their price objective on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Trading Down 0.7%

American Woodmark stock traded down $0.48 during mid-day trading on Friday, hitting $64.54. 79,766 shares of the company's stock were exchanged, compared to its average volume of 171,268. The company's 50 day simple moving average is $57.56 and its 200-day simple moving average is $59.09. The firm has a market capitalization of $940.27 million, a P/E ratio of 11.54 and a beta of 1.20. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a fifty-two week low of $50.00 and a fifty-two week high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). The firm had revenue of $403.05 million for the quarter, compared to the consensus estimate 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 for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS.

American Woodmark 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.