Meros Investment Management LP Buys Shares of 30,000 American Woodmark Corporation $AMWD

Key Points

• Meros Investment Management LP acquired a new stake in American Woodmark Corporation, purchasing 30,000 shares valued at approximately $1.77 million, which accounts for about 0.20% ownership.
• Several institutional investors have significantly increased their stakes; for instance, GAMMA Investing LLC raised its position by 7,721.1% during the 1st quarter.
• American Woodmark reported $1.61 EPS for the last quarter, exceeding estimates, but its revenue was down 11.7% year-over-year, indicating challenges in the market.

Meros Investment Management LP acquired a new position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $1,765,000. Meros Investment Management LP owned approximately 0.20% of American Woodmark at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMWD. Pzena Investment Management LLC boosted its position in American Woodmark by 71.7% in the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock worth $49,457,000 after purchasing an additional 351,157 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in American Woodmark in the 4th quarter worth approximately $23,954,000. Atlas FRM LLC purchased a new stake in American Woodmark in the 4th quarter worth approximately $9,066,000. LSV Asset Management boosted its position in American Woodmark by 22.3% in the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock worth $19,059,000 after purchasing an additional 59,010 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Woodmark in the 4th quarter worth approximately $4,011,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Loop Capital reduced their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird decreased their price objective on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $70.00.

American Woodmark Trading Down 0.1%

NASDAQ AMWD traded down $0.0890 on Thursday, reaching $62.2410. The stock had a trading volume of 47,982 shares, compared to its average volume of 168,380. The firm has a market capitalization of $902.49 million, a price-to-earnings ratio of 9.60 and a beta of 1.20. 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 Corporation has a 12-month low of $50.00 and a 12-month high of $104.28. The stock has a fifty day moving average price of $55.88 and a two-hundred day moving average price of $59.52.

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

About American Woodmark

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.