Pzena Investment Management LLC increased its holdings in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 71.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY bought a new stake in shares of American Woodmark in the fourth quarter worth $23,954,000. Franklin Resources Inc. grew its stake in shares of American Woodmark by 266.0% in the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock worth $29,616,000 after purchasing an additional 270,644 shares during the last quarter. Atlas FRM LLC bought a new stake in shares of American Woodmark in the fourth quarter worth $9,066,000. Norges Bank bought a new stake in shares of American Woodmark in the fourth quarter worth $5,675,000. Finally, Renaissance Technologies LLC grew its stake in shares of American Woodmark by 68.3% in the fourth quarter. Renaissance Technologies LLC now owns 130,101 shares of the company's stock worth $10,347,000 after purchasing an additional 52,800 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
American Woodmark Stock Performance
AMWD traded down $1.40 on Friday, hitting $52.45. The company's stock had a trading volume of 155,088 shares, compared to its average volume of 169,310. The company's 50 day simple moving average is $55.52 and its 200-day simple moving average is $62.62. The firm has a market cap of $760.53 million, a P/E ratio of 8.09 and a beta of 1.21. American Woodmark Corporation has a 12 month low of $50.00 and a 12 month high of $106.57. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40.
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
Several equities analysts have recently weighed in on AMWD shares. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Wall Street Zen lowered shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird lowered their target price on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. 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 report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.33.
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About American Woodmark
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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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