Russell Investments Group Ltd. Has $2.16 Million Position in American Woodmark Corporation $AMWD

Key Points

• Russell Investments Group Ltd. increased its stake in American Woodmark Corporation by 123.0%, acquiring an additional 20,224 shares to bring its total holdings to 36,663 shares valued at $2,157,000.
• Multiple hedge funds have also modified their stakes, with Quarry LP increasing their holdings by 215.8% and several others buying new stakes in the company, indicating significant institutional interest.
• Analysts have downgraded American Woodmark's stock ratings recently, with target prices falling from $75.00 to a new average of $70.00, reflecting a consensus rating of "Hold".

Russell Investments Group Ltd. raised its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 123.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,663 shares of the company's stock after buying an additional 20,224 shares during the period. Russell Investments Group Ltd. owned about 0.25% of American Woodmark worth $2,157,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after buying an additional 259 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in American Woodmark during the fourth quarter worth approximately $43,000. GAMMA Investing LLC raised its holdings in shares of American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after acquiring an additional 197 shares during the period. XTX Topco Ltd acquired a new stake in shares of American Woodmark during the first quarter valued at approximately $204,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of American Woodmark by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after acquiring an additional 193 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMWD has been the topic of a number of recent analyst reports. 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 raised 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 decreased 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. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $70.00.

American Woodmark Stock Down 0.7%

Shares of AMWD stock traded down $0.44 during trading on Friday, hitting $64.57. 115,101 shares of the company were exchanged, compared to its average volume of 300,234. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. The firm has a market capitalization of $940.78 million, a price-to-earnings ratio of 11.55 and a beta of 1.21. The business's 50-day simple moving average is $57.84 and its 200 day simple moving average is $58.77. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The firm had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. During the same quarter in the prior year, the company posted $1.89 EPS. The company's quarterly revenue was down 12.2% on a year-over-year basis.

American Woodmark Company 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.