Nuveen LLC Invests $2.46 Million in American Woodmark Corporation $AMWD

Key Points

• Nuveen LLC has acquired a new position in American Woodmark Corporation, purchasing 41,891 shares valued at approximately $2.46 million, which constitutes about 0.28% of the company.
• Multiple hedge funds are increasing their stakes in American Woodmark, with significant increases from firms like Headlands Technologies LLC (74.7% increase) and LSV Asset Management (22.3% increase).
• American Woodmark recently reported quarterly earnings of $1.01 EPS, missing the consensus estimate, and saw a 12.2% revenue decline year-over-year.

Nuveen LLC acquired a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,891 shares of the company's stock, valued at approximately $2,464,000. Nuveen LLC owned about 0.28% of American Woodmark at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC increased its holdings in American Woodmark by 71.7% in the first quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after buying an additional 351,157 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of American Woodmark by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 342,452 shares of the company's stock valued at $27,235,000 after acquiring an additional 11,891 shares during the last quarter. LSV Asset Management raised its position in shares of American Woodmark by 22.3% during the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock valued at $19,059,000 after acquiring an additional 59,010 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in American Woodmark by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 308,591 shares of the company's stock worth $18,154,000 after purchasing an additional 4,009 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new position in American Woodmark in the fourth quarter worth $23,954,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Loop Capital dropped 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. Wall Street Zen cut shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird upped their target price on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Price Performance

American Woodmark stock traded down $1.22 during trading hours on Wednesday, hitting $62.98. 61,444 shares of the company traded hands, compared to its average volume of 170,578. The firm's 50-day simple moving average is $58.32 and its two-hundred day simple moving average is $58.71. The firm has a market cap of $917.48 million, a P/E ratio of 11.27 and a beta of 1.21. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.13). The firm had revenue of $403.05 million for the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The firm's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share.

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.