Pzena Investment Management LLC raised its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 71.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 840,674 shares of the company's stock after buying an additional 351,157 shares during the period. Pzena Investment Management LLC owned 5.67% of American Woodmark worth $49,457,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMWD. Charles Schwab Investment Management Inc. increased its stake in American Woodmark by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock valued at $24,223,000 after buying an additional 7,870 shares during the last quarter. Amundi grew its position in shares of American Woodmark by 175.2% during the 4th quarter. Amundi now owns 7,552 shares of the company's stock valued at $582,000 after acquiring an additional 4,808 shares during the period. Intech Investment Management LLC grew its position in shares of American Woodmark by 70.5% during the 4th quarter. Intech Investment Management LLC now owns 13,664 shares of the company's stock valued at $1,087,000 after acquiring an additional 5,652 shares during the period. Quantbot Technologies LP grew its position in shares of American Woodmark by 26.6% during the 4th quarter. Quantbot Technologies LP now owns 20,591 shares of the company's stock valued at $1,638,000 after acquiring an additional 4,329 shares during the period. Finally, Sei Investments Co. grew its position in shares of American Woodmark by 9.6% during the 4th quarter. Sei Investments Co. now owns 8,834 shares of the company's stock valued at $703,000 after acquiring an additional 772 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.
American Woodmark Price Performance
NASDAQ AMWD traded down $1.40 on Friday, hitting $52.45. The stock had a trading volume of 155,088 shares, compared to its average volume of 169,161. American Woodmark Corporation has a 52-week low of $50.00 and a 52-week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.99. The company has a market capitalization of $760.53 million, a price-to-earnings ratio of 8.09 and a beta of 1.21. The firm has a 50-day moving average of $55.64 and a 200-day moving average of $63.03.
American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The business had revenue of $400.39 million for the quarter, compared to analysts' expectations of $427.39 million. During the same period in the prior year, the company posted $1.70 EPS. The business's revenue for the quarter was down 11.7% compared to the same quarter last year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on AMWD. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Robert W. Baird cut their price objective on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Finally, Loop Capital lowered their target price on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Woodmark presently has an average rating of "Hold" and a consensus price target of $83.33.
Read Our Latest Report on American Woodmark
American Woodmark Profile
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Free Report)
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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