American Woodmark Co. (NASDAQ:AMWD) Stake Boosted by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,135 shares of the company’s stock after purchasing an additional 737 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.29% of American Woodmark worth $3,431,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMWD. Franklin Resources Inc. boosted its position in shares of American Woodmark by 266.0% during the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock worth $29,616,000 after buying an additional 270,644 shares during the period. Victory Capital Management Inc. boosted its position in shares of American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock worth $20,474,000 after buying an additional 242,030 shares during the period. Atlas FRM LLC acquired a new position in shares of American Woodmark during the fourth quarter worth approximately $9,066,000. Norges Bank acquired a new position in shares of American Woodmark during the fourth quarter worth approximately $5,675,000. Finally, First Eagle Investment Management LLC boosted its position in shares of American Woodmark by 214.8% during the fourth quarter. First Eagle Investment Management LLC now owns 82,800 shares of the company’s stock worth $6,585,000 after buying an additional 56,500 shares during the period. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMWD shares. Robert W. Baird reduced their price objective on American Woodmark from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Zelman & Associates reiterated an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. Loop Capital reduced their price objective on American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Finally, Wall Street Zen downgraded American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.33.

American Woodmark Stock Performance

AMWD opened at $56.21 on Monday. The company has a market capitalization of $833.88 million, a price-to-earnings ratio of 8.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57. The business has a 50 day moving average price of $58.03 and a two-hundred day moving average price of $70.69.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, May 29th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share.

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.