American Woodmark Co. (NASDAQ:AMWD) Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC raised its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 489,517 shares of the company's stock after buying an additional 5,955 shares during the period. Pzena Investment Management LLC owned about 3.25% of American Woodmark worth $38,931,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of American Woodmark by 170.6% during 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 raised its stake in shares of American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company's stock valued at $68,000 after buying an additional 352 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in shares of American Woodmark during the 3rd quarter valued at about $80,000. R Squared Ltd purchased a new position in shares of American Woodmark during the 4th quarter valued at about $87,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American Woodmark during the 3rd quarter valued at about $158,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Trading Up 1.8 %

AMWD traded up $1.05 during trading hours on Friday, reaching $59.02. The company's stock had a trading volume of 198,011 shares, compared to its average volume of 159,879. American Woodmark Co. has a fifty-two week low of $57.44 and a fifty-two week high of $106.57. The stock has a market cap of $875.56 million, a PE ratio of 8.82 and a beta of 1.58. The business's 50-day moving average is $73.59 and its 200-day moving average is $84.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

Remove Ads

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data 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 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%.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, Director James G. Davis sold 2,821 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the completion of the transaction, the director now owns 25,823 shares in the company, valued at $2,123,425.29. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 5,750 shares of company stock worth $474,548 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

AMWD has been the subject of several recent analyst reports. Wolfe Research lowered American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. StockNews.com lowered American Woodmark from a "hold" rating to a "sell" rating in a research note on Monday, March 3rd. Finally, Loop Capital cut their price target on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $114.00.

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.