Pzena Investment Management LLC Acquires 307,657 Shares of American Woodmark Corporation $AMWD

Key Points

• Pzena Investment Management LLC has increased its stake in American Woodmark Corporation by 36.6%, owning a total of 1,148,331 shares worth approximately $61.3 million.
• American Woodmark reported $1.01 earnings per share for the last quarter, which was below analysts' expectations of $1.14, marking a 12.2% decline in revenue year-over-year.
• Analysts have mixed views on American Woodmark, with a consensus target price of $70.00 and a rating of "Hold" overall, while Robert W. Baird upgraded their price target to $68.00.

Pzena Investment Management LLC increased its holdings in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 36.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,148,331 shares of the company's stock after buying an additional 307,657 shares during the period. Pzena Investment Management LLC owned about 7.92% of American Woodmark worth $61,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock worth $234,000 after buying an additional 193 shares in the last quarter. GAMMA Investing LLC increased its position in shares of American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of American Woodmark by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 10,218 shares of the company's stock worth $545,000 after purchasing an additional 256 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of American Woodmark by 5.8% during the second quarter. State of Alaska Department of Revenue now owns 8,824 shares of the company's stock worth $470,000 after purchasing an additional 482 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of American Woodmark by 1.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,066 shares of the company's stock worth $3,004,000 after purchasing an additional 635 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

American Woodmark Price Performance

Shares of AMWD opened at $64.39 on Monday. The firm has a market capitalization of $938.10 million, a PE ratio of 11.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.05. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The company's fifty day moving average price is $65.22 and its 200-day moving average price is $59.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share 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 company had revenue of $403.05 million for the quarter, compared to analysts' expectations of $420.64 million. During the same period last year, the firm earned $1.89 earnings per share. American Woodmark's quarterly revenue was down 12.2% compared to the same quarter last year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Woodmark in a research report on Wednesday, October 8th. Robert W. Baird upped their price target on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.

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