Systematic Financial Management LP Buys 22,477 Shares of American Woodmark Corporation $AMWD

Key Points

• Systematic Financial Management LP increased its holdings in American Woodmark Corporation (AMWD) by 6.6%, owning a total of 364,929 shares valued at approximately $21.47 million.
• Several institutional investors have significantly increased their stakes in American Woodmark, with Quarry LP boosting its position by 215.8% and Sterling Capital Management by 842.0% in the last quarter.
• American Woodmark recently reported earnings of $1.61 per share, surpassing analysts' expectations, but its revenue of $400.39 million fell short of forecasts and was down 11.7% year-over-year.

Systematic Financial Management LP raised its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 6.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 364,929 shares of the company's stock after acquiring an additional 22,477 shares during the period. Systematic Financial Management LP owned approximately 2.46% of American Woodmark worth $21,469,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AMWD. Pzena Investment Management LLC grew its stake in American Woodmark by 71.7% in the first quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after acquiring an additional 351,157 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $23,954,000. Atlas FRM LLC purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $9,066,000. LSV Asset Management boosted its position in shares of American Woodmark by 22.3% during the first quarter. LSV Asset Management now owns 323,962 shares of the company's stock valued at $19,059,000 after buying an additional 59,010 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $4,011,000. Institutional investors and hedge funds own 95.47% of the company's stock.

American Woodmark Stock Performance

Shares of AMWD traded down $0.93 during mid-day trading on Wednesday, hitting $66.47. The stock had a trading volume of 149,942 shares, compared to its average volume of 172,057. The firm has a market cap of $963.82 million, a P/E ratio of 10.26 and a beta of 1.20. The business has a fifty day moving average price of $56.94 and a 200-day moving average price of $59.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. 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 issued its 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). American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The firm had revenue of $403.05 million during the quarter, compared to the consensus estimate of $420.64 million. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The business's quarterly revenue was down 12.2% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

AMWD has been the topic of several analyst reports. Loop Capital cut 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 dropped their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.