US Bancorp DE Raises Position in American Woodmark Co. (NASDAQ:AMWD)

US Bancorp DE increased its holdings in American Woodmark Co. (NASDAQ:AMWDGet Rating) by 109.8% during the first quarter, Holdings Channel.com reports. The firm owned 22,315 shares of the company’s stock after acquiring an additional 11,677 shares during the quarter. US Bancorp DE’s holdings in American Woodmark were worth $1,092,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. purchased a new position in American Woodmark in the 1st quarter worth $343,000. Systematic Financial Management LP grew its holdings in American Woodmark by 1.4% in the 4th quarter. Systematic Financial Management LP now owns 313,089 shares of the company’s stock worth $20,413,000 after acquiring an additional 4,428 shares during the last quarter. Western Standard LLC grew its holdings in American Woodmark by 18.6% in the 4th quarter. Western Standard LLC now owns 100,604 shares of the company’s stock worth $6,559,000 after acquiring an additional 15,809 shares during the last quarter. Pzena Investment Management LLC grew its holdings in American Woodmark by 16.1% in the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company’s stock worth $41,830,000 after acquiring an additional 118,342 shares during the last quarter. Finally, Timelo Investment Management Inc. bought a new stake in American Woodmark in the 4th quarter worth $1,630,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

American Woodmark Trading Down 2.2 %

Shares of NASDAQ AMWD opened at $51.43 on Tuesday. American Woodmark Co. has a 1 year low of $40.70 and a 1 year high of $76.36. The stock has a market cap of $854.87 million, a P/E ratio of -66.79 and a beta of 1.86. The firm has a 50-day moving average of $48.39 and a 200 day moving average of $50.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.96 and a quick ratio of 0.92.

American Woodmark (NASDAQ:AMWDGet Rating) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.42. American Woodmark had a negative net margin of 0.65% and a positive return on equity of 9.35%. The company had revenue of $542.90 million during the quarter, compared to analysts’ expectations of $514.10 million. During the same period last year, the company posted $0.70 EPS. American Woodmark’s revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts expect that American Woodmark Co. will post 6.32 EPS for the current fiscal year.

Insider Activity at American Woodmark

In other news, CEO Michael Scott Culbreth bought 2,000 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was acquired at an average cost of $41.13 per share, with a total value of $82,260.00. Following the completion of the acquisition, the chief executive officer now owns 57,930 shares of the company’s stock, valued at $2,382,660.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Vance W. Tang bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of $41.95 per share, with a total value of $419,500.00. Following the completion of the acquisition, the director now owns 57,594 shares of the company’s stock, valued at $2,416,068.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Scott Culbreth acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The shares were bought at an average cost of $41.13 per share, with a total value of $82,260.00. Following the completion of the acquisition, the chief executive officer now directly owns 57,930 shares of the company’s stock, valued at $2,382,660.90. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital raised their price target on shares of American Woodmark from $47.00 to $49.00 in a report on Wednesday, August 31st. StockNews.com raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Robert W. Baird lifted their target price on shares of American Woodmark from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, August 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Woodmark in a research note on Wednesday, August 17th. They set a “sell” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.25.

About American Woodmark

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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.

Further Reading

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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