Penn Capital Management Company LLC Takes 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 filing with the SEC. The institutional investor acquired 10,632 shares of the company's stock, valued at approximately $625,000. Penn Capital Management Company LLC owned about 0.07% of American Woodmark at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMWD. Pzena Investment Management LLC increased its position in shares of American Woodmark by 71.7% during the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after purchasing an additional 351,157 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new position in American Woodmark during the 4th quarter worth approximately $23,954,000. Atlas FRM LLC bought a new position in American Woodmark during the 4th quarter worth approximately $9,066,000. LSV Asset Management grew its position in American Woodmark by 22.3% during the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock worth $19,059,000 after acquiring an additional 59,010 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in American Woodmark during the 4th quarter worth approximately $4,011,000. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Stock Up 7.8%

AMWD stock opened at $67.18 on Friday. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $104.28. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40. The firm has a market cap of $974.11 million, a PE ratio of 10.37 and a beta of 1.20. The business has a 50 day moving average of $56.30 and a 200 day moving average of $59.25.

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

Analyst Ratings Changes

Several research firms recently issued reports on AMWD. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Loop Capital reduced their price target on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Robert W. Baird reduced their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Two 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, American Woodmark presently has an average rating of "Hold" and a consensus price target 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.

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