Charles Schwab Investment Management Inc. Buys 4,009 Shares of American Woodmark Corporation $AMWD

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in American Woodmark Corporation by 1.3% in the first quarter, owning approximately 2.08% of the company and valued at $18.15 million.
• American Woodmark's stock price recently opened at $67.18, showing a 7.8% increase, despite a dip in revenue for the quarter compared to the same period last year.
• Analysts have varied opinions on the stock, with target prices reduced by several firms; the consensus rating remains a "Hold" with a target price of $70.00.

Charles Schwab Investment Management Inc. lifted its stake in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,591 shares of the company's stock after buying an additional 4,009 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.08% of American Woodmark worth $18,154,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. LSV Asset Management increased its holdings in shares of American Woodmark by 22.3% in the first quarter. LSV Asset Management now owns 323,962 shares of the company's stock worth $19,059,000 after buying an additional 59,010 shares during the period. Atlas FRM LLC purchased a new position in shares of American Woodmark in the fourth quarter worth about $9,066,000. GAMMA Investing LLC increased its holdings in shares of American Woodmark by 7,721.1% in the first quarter. GAMMA Investing LLC now owns 46,770 shares of the company's stock worth $2,751,000 after buying an additional 46,172 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of American Woodmark in the fourth quarter worth about $1,129,000. Finally, Deutsche Bank AG increased its holdings in shares of American Woodmark by 49.2% in the fourth quarter. Deutsche Bank AG now owns 12,608 shares of the company's stock worth $1,003,000 after buying an additional 4,160 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Stock Down 2.2%

American Woodmark stock traded down $1.46 during trading hours on Thursday, hitting $65.01. 149,184 shares of the stock traded hands, compared to its average volume of 300,174. The firm's 50-day moving average price is $57.56 and its two-hundred day moving average price is $59.09. The company has a current ratio of 2.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The company has a market cap of $947.20 million, a PE ratio of 11.63 and a beta of 1.20. American Woodmark Corporation has a one year low of $50.00 and a one year high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share 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 firm had revenue of $403.05 million for the quarter, compared to the consensus estimate of $420.64 million. During the same period in the previous year, the firm posted $1.89 earnings per share. The business's revenue was down 12.2% compared to the same quarter last year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird raised their target price on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday. Wall Street Zen cut 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 on the stock in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $70.00.

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.