Penn Capital Management Company LLC Acquires New Position in American Woodmark Corporation $AMWD

Key Points

• Penn Capital Management Company LLC has acquired a new stake in American Woodmark Corporation, purchasing 10,632 shares valued at approximately $625,000, which represents about 0.07% ownership.
• American Woodmark's stock is currently valued at $67.18, with a twelve-month low of $50.00 and a high of $104.28, showing a 7.8% increase recently.
• Despite reporting earnings that beat analyst expectations with $1.61 earnings per share, revenues fell 11.7% year-over-year, causing analysts to adjust their ratings on the stock.

Penn Capital Management Company LLC acquired a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,632 shares of the company's stock, valued at approximately $625,000. Penn Capital Management Company LLC owned 0.07% of American Woodmark as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC grew 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 worth $49,457,000 after purchasing an additional 351,157 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new position in American Woodmark in the fourth quarter worth $23,954,000. Atlas FRM LLC purchased a new position in American Woodmark in the fourth quarter worth $9,066,000. LSV Asset Management grew its holdings in 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 purchasing an additional 59,010 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in American Woodmark in the fourth quarter worth $4,011,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Trading Down 1.0%

Shares of American Woodmark stock traded down $0.65 during trading on Friday, hitting $64.37. The stock had a trading volume of 29,332 shares, compared to its average volume of 171,057. American Woodmark Corporation has a 1 year low of $50.00 and a 1 year high of $104.28. The stock has a 50 day simple moving average of $57.56 and a 200 day simple moving average of $59.09. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $937.80 million, a PE ratio of 11.54 and a beta of 1.20.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $420.64 million. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm's revenue was down 12.2% compared to the same quarter last year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 lifted their price target on shares of American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Loop Capital cut their price target 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark 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.