Public Sector Pension Investment Board Acquires 9,170 Shares of American Woodmark Corporation $AMWD

Key Points

• The Public Sector Pension Investment Board increased its holdings in American Woodmark Corporation by 23.8%, purchasing an additional 9,170 shares during the first quarter.
• American Woodmark's stock is currently valued at around $64.66 per share, with a market cap of $937.57 million and a PE ratio of 9.98.
• In recent analyst actions, American Woodmark was downgraded from a "hold" to a "sell" rating by Wall Street Zen, while other analysts have different views, setting target prices ranging from $68.00 to $75.00.

Public Sector Pension Investment Board lifted its stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,733 shares of the company's stock after purchasing an additional 9,170 shares during the period. Public Sector Pension Investment Board owned 0.32% of American Woodmark worth $2,808,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LSV Asset Management increased its stake 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 worth $19,059,000 after purchasing an additional 59,010 shares during the last quarter. Atlas FRM LLC purchased a new stake in shares of American Woodmark during the 4th quarter worth approximately $9,066,000. GAMMA Investing LLC grew its stake in American Woodmark by 7,721.1% in the 1st quarter. GAMMA Investing LLC now owns 46,770 shares of the company's stock valued at $2,751,000 after buying an additional 46,172 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in American Woodmark in the 4th quarter valued at approximately $1,129,000. Finally, Deutsche Bank AG boosted its holdings in American Woodmark by 49.2% in the 4th quarter. Deutsche Bank AG now owns 12,608 shares of the company's stock valued at $1,003,000 after purchasing an additional 4,160 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Price Performance

Shares of NASDAQ AMWD traded down $0.0030 during mid-day trading on Monday, reaching $67.1770. 35,596 shares of the company were exchanged, compared to its average volume of 169,050. 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 stock has a market capitalization of $974.27 million, a PE ratio of 10.37 and a beta of 1.20. The company's 50 day moving average price is $56.30 and its 200 day moving average price is $59.13. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $104.28.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on AMWD shares. Loop Capital cut their price target on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird cut their price target on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.00.

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.