University of Texas Texas AM Investment Management Co. Buys 20,189 Shares of American Woodmark Corporation (NASDAQ:AMWD)

Key Points

• The University of Texas Texas AM Investment Management Co. significantly increased its stake in American Woodmark Corporation by 142.2% during the first quarter, owning 34,384 shares valued at approximately $2,023,000.
• Several institutional investors have shown interest in American Woodmark, with notable increases in positions from Pzena Investment Management LLC and Franklin Resources Inc., contributing to a total of 95.47% institutional ownership of the company's stock.
• Wall Street analysts have mixed sentiments on American Woodmark, with recent price targets being adjusted downwards, including a decrease from $75.00 to $68.00 by Robert W. Baird, and a consensus rating of "Hold".

University of Texas Texas AM Investment Management Co. boosted its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 142.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,384 shares of the company's stock after buying an additional 20,189 shares during the period. University of Texas Texas AM Investment Management Co. owned approximately 0.23% of American Woodmark worth $2,023,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its stake in shares of American Woodmark by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock valued at $586,000 after purchasing an additional 185 shares in the last quarter. GAMMA Investing LLC boosted its position in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after buying an additional 197 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in American Woodmark by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company's stock valued at $1,227,000 after buying an additional 200 shares in the last quarter. Quarry LP boosted its position in 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 buying an additional 259 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of American Woodmark by 4.6% during the 4th quarter. Vident Advisory LLC now owns 6,398 shares of the company's stock valued at $509,000 after acquiring an additional 281 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Down 2.6%

AMWD traded down $1.41 during trading on Thursday, hitting $52.63. The company's stock had a trading volume of 36,273 shares, compared to its average volume of 153,317. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $106.57. The stock's fifty day moving average price is $54.62 and its 200-day moving average price is $61.58. The firm has a market capitalization of $763.29 million, a P/E ratio of 8.09 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The firm had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business's quarterly revenue was down 11.7% compared to the same quarter last year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird cut their price objective on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. 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 report on Friday, May 30th. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.33.

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.