Russell Investments Group Ltd. Buys 20,224 Shares of American Woodmark Corporation $AMWD

Russell Investments Group Ltd. lifted its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 123.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,663 shares of the company’s stock after purchasing an additional 20,224 shares during the period. Russell Investments Group Ltd. owned 0.25% of American Woodmark worth $2,157,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Quarry LP lifted its holdings in American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after buying an additional 259 shares during the period. Public Employees Retirement System of Ohio bought a new stake in American Woodmark in the fourth quarter valued at $43,000. GAMMA Investing LLC increased its stake in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. EP Wealth Advisors LLC increased its stake in American Woodmark by 16.6% in the fourth quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company’s stock valued at $248,000 after purchasing an additional 444 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in American Woodmark in the first quarter valued at $204,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird decreased their target price on shares of American Woodmark from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Loop Capital decreased their target price on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.00.

American Woodmark Trading Down 0.2%

Shares of AMWD stock opened at $67.02 on Tuesday. American Woodmark Corporation has a 52-week low of $50.00 and a 52-week high of $104.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.99. The company has a 50-day simple moving average of $56.61 and a two-hundred day simple moving average of $59.06. The company has a market capitalization of $971.79 million, a price-to-earnings ratio of 10.34 and a beta of 1.20.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, May 29th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $400.39 million for the quarter, compared to analysts’ expectations of $427.39 million. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $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.