LSV Asset Management Grows Position in American Woodmark Corporation (NASDAQ:AMWD)

Key Points

• LSV Asset Management increased its stake in American Woodmark Corporation by 22.3%, owning approximately 323,962 shares worth $19.06 million, as of the latest SEC filing.
• American Woodmark reported $1.61 earnings per share for the last quarter, exceeding analysts’ expectations of $1.45, but its revenue declined by 11.7% year-over-year.
• Analysts have varied opinions on the stock, with two rating it as a sell, one as a hold, and two as a buy, leading to a consensus rating of "Hold" with an average price target of $83.33.

LSV Asset Management lifted its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,962 shares of the company's stock after purchasing an additional 59,010 shares during the period. LSV Asset Management owned about 2.18% of American Woodmark worth $19,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMWD. Pzena Investment Management LLC lifted its stake in shares of American Woodmark by 71.7% in the first quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock worth $49,457,000 after acquiring an additional 351,157 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in shares of American Woodmark in the fourth quarter worth approximately $23,954,000. Atlas FRM LLC acquired a new position in shares of American Woodmark in the fourth quarter worth approximately $9,066,000. Norges Bank acquired a new position in shares of American Woodmark in the fourth quarter worth approximately $5,675,000. Finally, Renaissance Technologies LLC lifted 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 acquiring an additional 52,800 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMWD has been the topic of several recent analyst reports. Loop Capital dropped their price target 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. Robert W. Baird dropped their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Finally, Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $83.33.

American Woodmark Stock Up 0.4%

Shares of NASDAQ:AMWD traded up $0.27 during trading on Friday, reaching $60.63. 164,967 shares of the stock were exchanged, compared to its average volume of 163,368. 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 Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The stock has a fifty day moving average of $54.46 and a two-hundred day moving average of $60.60. The firm has a market cap of $879.06 million, a price-to-earnings ratio of 9.31 and a beta of 1.20.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $400.39 million during the quarter, compared to analyst estimates of $427.39 million. American Woodmark had a return on equity of 11.09% and a net margin of 5.82%. American Woodmark's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS.

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.