Mackenzie Financial Corp Acquires Shares of 2,267 American Woodmark Co. (NASDAQ:AMWD)

Mackenzie Financial Corp purchased a new position in American Woodmark Co. (NASDAQ:AMWD) during the 4th quarter, Holdings Channel reports. The fund purchased 2,267 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of AMWD. SG Americas Securities LLC purchased a new stake in shares of American Woodmark during the 3rd quarter valued at $243,000. Raymond James & Associates purchased a new stake in shares of American Woodmark during the third quarter worth about $312,000. New York State Teachers Retirement System raised its stake in American Woodmark by 26.0% in the 3rd quarter. New York State Teachers Retirement System now owns 10,926 shares of the company’s stock valued at $826,000 after purchasing an additional 2,258 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Woodmark by 71.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,732 shares of the company’s stock worth $282,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of American Woodmark during the 3rd quarter worth $39,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, March 1st. StockNews.com cut American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, American Woodmark has an average rating of “Hold” and an average price target of $93.25.

American Woodmark Stock Up 1.2 %

American Woodmark stock opened at $94.06 on Tuesday. American Woodmark Co. has a fifty-two week low of $48.52 and a fifty-two week high of $104.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 2.14. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.97 and a beta of 1.73. The stock has a 50-day simple moving average of $96.57 and a 200-day simple moving average of $88.21.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.53. The business had revenue of $422.10 million during the quarter, compared to the consensus estimate of $394.56 million. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. Equities research analysts expect that American Woodmark Co. will post 8.6 earnings per share for the current year.

American Woodmark Company 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.