Public Sector Pension Investment Board Grows Stake in 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 grew its stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 23.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor 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 about 0.32% of American Woodmark worth $2,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after acquiring an additional 259 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after acquiring an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of American Woodmark during the fourth quarter worth $43,000. GAMMA Investing LLC raised its position in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after buying an additional 197 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of American Woodmark in the first quarter worth $204,000. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMWD. Loop Capital reduced their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wall Street Zen cut American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird cut their target price on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Two investment 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, American Woodmark presently has an average rating of "Hold" and a consensus price target of $70.00.

American Woodmark Stock Performance

AMWD traded down $0.16 during mid-day trading on Monday, reaching $67.02. 284,320 shares of the company traded hands, compared to its average volume of 273,044. The stock has a market capitalization of $971.79 million, a P/E ratio of 10.34 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. The company's fifty day moving average price is $56.61 and its 200-day moving average price is $59.06. 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 posted its quarterly earnings data on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $400.39 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business 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.