PNC Financial Services Group Inc. lifted its stake in shares of American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,580 shares of the company's stock after buying an additional 365 shares during the period. PNC Financial Services Group Inc. owned about 0.16% of American Woodmark worth $1,302,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of AMWD. WCM Investment Management LLC boosted its position in shares of American Woodmark by 56.4% during the first quarter. WCM Investment Management LLC now owns 481,107 shares of the company's stock valued at $23,550,000 after buying an additional 173,501 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of American Woodmark by 16.1% during the first quarter. Pzena Investment Management LLC now owns 854,538 shares of the company's stock valued at $41,830,000 after buying an additional 118,342 shares during the last quarter. B. Riley Asset Management LLC purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $3,936,000. TCW Group Inc. purchased a new position in shares of American Woodmark during the first quarter valued at approximately $2,529,000. Finally, Raymond James & Associates boosted its position in shares of American Woodmark by 60.9% during the first quarter. Raymond James & Associates now owns 110,978 shares of the company's stock valued at $5,432,000 after buying an additional 42,008 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company's stock.
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Analysts Set New Price Targets
Several research analysts have weighed in on AMWD shares. Robert W. Baird boosted their price objective on American Woodmark from $54.00 to $58.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 31st. Loop Capital boosted their price objective on American Woodmark from $47.00 to $49.00 in a research report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft started coverage on American Woodmark in a research report on Wednesday, August 17th. They issued a "sell" rating and a $45.00 price objective on the stock. Finally, StockNews.com raised American Woodmark from a "sell" rating to a "hold" rating in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, American Woodmark has an average rating of "Hold" and a consensus target price of $57.25.
American Woodmark Stock Up 2.6 %
Shares of NASDAQ AMWD opened at $51.46 on Thursday. American Woodmark Co. has a one year low of $40.70 and a one year high of $76.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.96 and a quick ratio of 0.92. The business's fifty day moving average price is $49.03 and its 200-day moving average price is $49.96. The stock has a market capitalization of $855.37 million, a PE ratio of -66.83 and a beta of 1.86.
American Woodmark (NASDAQ:AMWD – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.42. American Woodmark had a positive return on equity of 9.35% and a negative net margin of 0.65%. The firm had revenue of $542.90 million for the quarter, compared to analysts' expectations of $514.10 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The business's revenue for the quarter was up 22.7% compared to the same quarter last year. On average, equities research analysts anticipate that American Woodmark Co. will post 6.32 EPS for the current year.
Insider Activity
In related news, CEO Michael Scott Culbreth acquired 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 22nd. The shares were bought at an average cost of $41.13 per share, for a total transaction of $82,260.00. Following the purchase, the chief executive officer now owns 57,930 shares in the company, valued at approximately $2,382,660.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Vance W. Tang acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average cost of $41.95 per share, for a total transaction of $419,500.00. Following the purchase, the director now owns 57,594 shares in the company, valued at approximately $2,416,068.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Scott Culbreth acquired 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 22nd. The shares were bought at an average price of $41.13 per share, for a total transaction of $82,260.00. Following the completion of the purchase, the chief executive officer now owns 57,930 shares in the company, valued at approximately $2,382,660.90. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.
American Woodmark 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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- Get a free copy of the StockNews.com research report on American Woodmark (AMWD)
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