Franklin Resources Inc. Has $29.62 Million Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Franklin Resources Inc. raised its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 266.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,390 shares of the company's stock after purchasing an additional 270,644 shares during the period. Franklin Resources Inc. owned 2.47% of American Woodmark worth $29,616,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company's stock valued at $48,000 after buying an additional 377 shares during the last quarter. KBC Group NV grew its position in shares of American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company's stock valued at $68,000 after purchasing an additional 352 shares during the last quarter. R Squared Ltd bought a new position in shares of American Woodmark in the fourth quarter worth about $87,000. Point72 DIFC Ltd acquired a new position in shares of American Woodmark during the 3rd quarter worth about $204,000. Finally, KLP Kapitalforvaltning AS bought a new stake in American Woodmark during the 4th quarter valued at approximately $239,000. Institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMWD. Wolfe Research downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $114.00.

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American Woodmark Stock Performance

Shares of AMWD traded down $1.39 on Thursday, reaching $56.83. 26,896 shares of the stock traded hands, compared to its average volume of 167,394. The stock's 50-day moving average price is $64.91 and its 200-day moving average price is $80.25. 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 firm has a market cap of $843.00 million, a price-to-earnings ratio of 8.51 and a beta of 1.31. American Woodmark Co. has a 12 month low of $52.20 and a 12 month high of $106.57.

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

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.