Raymond James & Associates increased its position in shares of American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 60.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,978 shares of the company's stock after purchasing an additional 42,008 shares during the quarter. Raymond James & Associates' holdings in American Woodmark were worth $5,432,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in American Woodmark by 128.5% during the fourth quarter. First Horizon Advisors Inc. now owns 546 shares of the company's stock worth $35,000 after purchasing an additional 307 shares during the last quarter. Salvus Wealth Management LLC boosted its stake in American Woodmark by 4.7% in the first quarter. Salvus Wealth Management LLC now owns 8,895 shares of the company's stock valued at $435,000 after acquiring an additional 397 shares during the last quarter. UMB Bank N A MO purchased a new position in American Woodmark in the fourth quarter valued at about $29,000. SummerHaven Investment Management LLC boosted its stake in American Woodmark by 4.6% in the first quarter. SummerHaven Investment Management LLC now owns 11,495 shares of the company's stock valued at $563,000 after acquiring an additional 509 shares during the last quarter. Finally, Dean Capital Management boosted its stake in American Woodmark by 3.5% in the fourth quarter. Dean Capital Management now owns 21,288 shares of the company's stock valued at $1,388,000 after acquiring an additional 715 shares during the last quarter. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
A number of research firms have weighed in on AMWD. Loop Capital boosted their target price on shares of American Woodmark from $47.00 to $49.00 in a research note on Wednesday, August 31st. Robert W. Baird boosted their price target on shares of American Woodmark from $54.00 to $58.00 and gave the company a "neutral" rating in a research report on Wednesday, August 31st. StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research report on Monday, June 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of American Woodmark in a research report on Wednesday, August 17th. They issued a "sell" rating and a $45.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $57.25.
American Woodmark Stock Performance
American Woodmark stock opened at $51.43 on Tuesday. The firm's 50 day simple moving average is $48.39 and its 200 day simple moving average is $50.07. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $854.87 million, a PE ratio of -66.79 and a beta of 1.86. American Woodmark Co. has a 1-year low of $40.70 and a 1-year high of $76.36.
American Woodmark (NASDAQ:AMWD – Get Rating) last posted its earnings results on Tuesday, August 30th. The company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.42. The business had revenue of $542.90 million for the quarter, compared to analyst estimates of $514.10 million. American Woodmark had a negative net margin of 0.65% and a positive return on equity of 9.35%. American Woodmark's revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, analysts expect that American Woodmark Co. will post 6.32 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Michael Scott Culbreth purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, June 22nd. The shares were purchased at an average price of $41.13 per share, with a total value of $82,260.00. Following the acquisition, the chief executive officer now directly owns 57,930 shares of the company's stock, valued at $2,382,660.90. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Michael Scott Culbreth purchased 2,000 shares of the stock in a transaction on Wednesday, June 22nd. The shares were acquired at an average price of $41.13 per share, for a total transaction of $82,260.00. Following the completion of the transaction, the chief executive officer now directly owns 57,930 shares of the company's stock, valued at approximately $2,382,660.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vance W. Tang purchased 10,000 shares of the stock in a transaction on Thursday, June 23rd. The shares were purchased at an average price of $41.95 per share, for a total transaction of $419,500.00. Following the transaction, the director now directly owns 57,594 shares of the company's stock, valued at $2,416,068.30. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
American Woodmark Company Profile
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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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