First Eagle Investment Management LLC raised its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 214.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,800 shares of the company's stock after purchasing an additional 56,500 shares during the quarter. First Eagle Investment Management LLC owned 0.55% of American Woodmark worth $6,585,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of American Woodmark during the 3rd quarter valued at about $749,000. Victory Capital Management Inc. boosted its holdings in shares of American Woodmark by 1,570.6% during the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock valued at $20,474,000 after acquiring an additional 242,030 shares during the last quarter. Barclays PLC boosted its holdings in shares of American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company's stock valued at $2,927,000 after acquiring an additional 22,804 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of American Woodmark by 249.1% during the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company's stock valued at $9,572,000 after acquiring an additional 72,600 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American Woodmark by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company's stock valued at $4,342,000 after acquiring an additional 11,975 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on AMWD shares. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Loop Capital dropped their price objective on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Robert W. Baird raised their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, American Woodmark has a consensus rating of "Hold" and an average price target of $114.00.
Check Out Our Latest Stock Analysis on AMWD
Insiders Place Their Bets
In other American Woodmark news, Director James G. Davis sold 1,250 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the transaction, the director now directly owns 24,573 shares in the company, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.
American Woodmark Price Performance
Shares of AMWD traded down $0.60 during mid-day trading on Thursday, reaching $60.31. The stock had a trading volume of 111,476 shares, compared to its average volume of 158,126. The firm has a market cap of $894.70 million, a price-to-earnings ratio of 9.01 and a beta of 1.58. American Woodmark Co. has a 12 month low of $57.44 and a 12 month high of $106.57. The business has a fifty day moving average of $72.11 and a 200 day moving average of $83.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.
American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). The firm had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.
American Woodmark Profile
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Free Report)
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.
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