Pzena Investment Management LLC Increases Holdings in American Woodmark Co. (NASDAQ:AMWD)

Pzena Investment Management LLC increased its position in American Woodmark Co. (NASDAQ:AMWD) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,088 shares of the company’s stock after buying an additional 83,890 shares during the period. Pzena Investment Management LLC owned 5.54% of American Woodmark worth $48,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMWD. Pacer Advisors Inc. purchased a new stake in American Woodmark during the first quarter valued at approximately $12,112,000. Norges Bank bought a new position in shares of American Woodmark during the fourth quarter valued at approximately $6,444,000. Dimensional Fund Advisors LP grew its stake in shares of American Woodmark by 14.1% during the first quarter. Dimensional Fund Advisors LP now owns 842,476 shares of the company’s stock valued at $41,240,000 after buying an additional 103,815 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of American Woodmark by 9.3% during the first quarter. Wellington Management Group LLP now owns 1,184,109 shares of the company’s stock valued at $57,962,000 after buying an additional 100,455 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of American Woodmark by 93.8% during the first quarter. Assenagon Asset Management S.A. now owns 79,321 shares of the company’s stock valued at $4,130,000 after buying an additional 38,384 shares during the last quarter. 91.89% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Stock Down 0.1 %

American Woodmark stock opened at $77.94 on Friday. The business has a fifty day moving average of $75.28 and a two-hundred day moving average of $63.15. The company has a quick ratio of 1.00, a current ratio of 2.25 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.28 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.87 and a beta of 1.86. American Woodmark Co. has a twelve month low of $41.05 and a twelve month high of $80.27.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.48. The firm had revenue of $498.26 million during the quarter, compared to analysts’ expectations of $497.31 million. American Woodmark had a return on equity of 16.85% and a net margin of 5.52%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. On average, analysts forecast that American Woodmark Co. will post 6.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMWD has been the topic of a number of analyst reports. TheStreet raised American Woodmark from a “c+” rating to a “b-” rating in a research note on Friday, June 9th. Zelman & Associates raised American Woodmark from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Loop Capital increased their price objective on American Woodmark from $79.00 to $84.00 in a research note on Wednesday, August 30th. Sidoti cut American Woodmark from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $71.00 to $79.00 in a research note on Tuesday, July 18th. Finally, StockNews.com began coverage on American Woodmark in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.50.

American Woodmark Profile

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.