American Woodmark Corporation $AMWD Shares Purchased by Russell Investments Group Ltd.

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. grew its stake in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 123.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,663 shares of the company's stock after buying an additional 20,224 shares during the quarter. Russell Investments Group Ltd. owned 0.25% of American Woodmark worth $2,157,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AMWD. Pzena Investment Management LLC increased its position in American Woodmark by 71.7% during the first quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock worth $49,457,000 after buying an additional 351,157 shares during the period. Systematic Financial Management LP grew its holdings in American Woodmark by 3.6% during the fourth quarter. Systematic Financial Management LP now owns 342,452 shares of the company's stock worth $27,235,000 after acquiring an additional 11,891 shares during the period. LSV Asset Management grew its holdings in American Woodmark by 22.3% during the first 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 period. Charles Schwab Investment Management Inc. grew its holdings in American Woodmark by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 308,591 shares of the company's stock worth $18,154,000 after acquiring an additional 4,009 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in American Woodmark during the fourth quarter worth $23,954,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMWD shares. Loop Capital decreased their target price 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. Robert W. Baird increased their target price on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.00.

American Woodmark Stock Performance

Shares of NASDAQ AMWD traded down $0.44 during mid-day trading on Friday, hitting $64.57. The company had a trading volume of 115,101 shares, compared to its average volume of 171,579. The stock has a market cap of $940.78 million, a price-to-earnings ratio of 11.55 and a beta of 1.20. American Woodmark Corporation has a 12 month low of $50.00 and a 12 month high of $104.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.02. The firm's 50 day simple moving average is $57.56 and its two-hundred day simple moving average is $59.09.

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