Charles Schwab Investment Management Inc. Increases Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Charles Schwab Investment Management Inc. boosted its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,582 shares of the company's stock after acquiring an additional 7,870 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.02% of American Woodmark worth $24,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMWD. Victory Capital Management Inc. lifted its holdings in shares of American Woodmark by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company's stock valued at $1,440,000 after buying an additional 117 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of American Woodmark by 4.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company's stock valued at $285,000 after buying an additional 122 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of American Woodmark by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company's stock valued at $475,000 after buying an additional 222 shares during the period. KBC Group NV raised its holdings in American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company's stock worth $48,000 after purchasing an additional 377 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMWD. Wolfe Research cut American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. StockNews.com cut American Woodmark from a "hold" rating to a "sell" rating in a report on Monday, March 3rd. Loop Capital reduced their price objective on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Robert W. Baird lifted their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, American Woodmark currently has a consensus rating of "Hold" and a consensus target price of $114.00.

American Woodmark Price Performance

American Woodmark stock traded down $1.53 during mid-day trading on Friday, hitting $58.78. 491,034 shares of the company were exchanged, compared to its average volume of 158,729. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The business's 50 day simple moving average is $71.47 and its two-hundred day simple moving average is $83.35. The company has a market capitalization of $872.00 million, a P/E ratio of 8.79 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.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). The company had revenue of $397.58 million for the quarter, compared to analysts' expectations of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

Insiders Place Their Bets

In other news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares of the company's stock, valued at $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

American Woodmark Profile

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.