Quantbot Technologies LP Increases Holdings in American Woodmark Corporation $AMWD

Key Points

• Quantbot Technologies LP increased its stake in American Woodmark Corporation by 22.4%, owning approximately 25,213 shares valued at $1.48 million after acquiring an additional 4,622 shares.
• American Woodmark's shares traded up 7.8%, with the stock ranging from a 12-month low of $50.00 to a high of $104.28, and the company reporting earnings of $1.61 per share, exceeding analysts' expectations.
• The consensus rating for American Woodmark is currently "Hold," with price targets being adjusted downward by various analysts, reflecting market caution regarding its performance.

Quantbot Technologies LP lifted its stake in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 22.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,213 shares of the company's stock after purchasing an additional 4,622 shares during the quarter. Quantbot Technologies LP owned about 0.17% of American Woodmark worth $1,483,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of American Woodmark by 842.0% in the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after purchasing an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of American Woodmark in the 4th quarter worth approximately $43,000. GAMMA Investing LLC boosted its position in shares of American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of American Woodmark by 16.6% in the 4th quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company's stock worth $248,000 after purchasing an additional 444 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

American Woodmark Stock Down 1.4%

NASDAQ AMWD traded down $0.96 during mid-day trading on Thursday, reaching $65.51. The stock had a trading volume of 31,440 shares, compared to its average volume of 171,183. American Woodmark Corporation has a 1 year low of $50.00 and a 1 year high of $104.28. The stock has a market cap of $950.09 million, a PE ratio of 11.70 and a beta of 1.20. The company has a fifty day moving average price of $57.27 and a 200 day moving average price of $59.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). The firm had revenue of $403.05 million during the quarter, compared to analysts' expectations of $420.64 million. American Woodmark had a return on equity of 9.44% and a net margin of 5.11%.American Woodmark's revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share.

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.