Pitcairn Co. purchased a new stake in American Woodmark Co. (NASDAQ:AMWD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,654 shares of the company’s stock, valued at approximately $277,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Mason Street Advisors LLC lifted its stake in American Woodmark by 2.6% in the fourth quarter. Mason Street Advisors LLC now owns 5,423 shares of the company’s stock valued at $567,000 after buying an additional 137 shares during the period. Janus Henderson Group PLC lifted its stake in American Woodmark by 7.9% in the fourth quarter. Janus Henderson Group PLC now owns 3,628 shares of the company’s stock valued at $379,000 after buying an additional 267 shares during the period. Comerica Bank raised its position in shares of American Woodmark by 2.0% during the first quarter. Comerica Bank now owns 16,129 shares of the company’s stock worth $693,000 after purchasing an additional 315 shares during the period. Citigroup Inc. raised its position in shares of American Woodmark by 4.1% during the first quarter. Citigroup Inc. now owns 8,881 shares of the company’s stock worth $405,000 after purchasing an additional 352 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of American Woodmark by 15.7% during the fourth quarter. Guggenheim Capital LLC now owns 2,840 shares of the company’s stock worth $297,000 after purchasing an additional 385 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on AMWD. Zacks Investment Research raised American Woodmark from a “strong sell” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, June 16th. Wells Fargo & Co upped their target price on American Woodmark from $62.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Sidoti lowered their target price on American Woodmark from $108.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Thursday, June 11th. Finally, BidaskClub raised American Woodmark from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $75.60.
NASDAQ AMWD opened at $80.62 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.22 and a beta of 2.39. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $72.67 and a 200 day simple moving average of $73.75. American Woodmark Co. has a 12 month low of $35.30 and a 12 month high of $117.70.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.18). The business had revenue of $399.20 million during the quarter, compared to the consensus estimate of $373.28 million. American Woodmark had a net margin of 4.54% and a return on equity of 16.46%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 EPS. As a group, sell-side analysts predict that American Woodmark Co. will post 6.12 EPS for the current fiscal year.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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