EP Wealth Advisors LLC Raises Position in American Woodmark Corporation $AMWD

EP Wealth Advisors LLC lifted its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 30.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,057 shares of the company’s stock after buying an additional 943 shares during the quarter. EP Wealth Advisors LLC’s holdings in American Woodmark were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of American Woodmark in the fourth quarter valued at $43,000. GAMMA Investing LLC increased its position in shares of American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after acquiring an additional 197 shares during the last quarter. State of Wyoming acquired a new position in shares of American Woodmark in the first quarter worth about $172,000. XTX Topco Ltd acquired a new position in shares of American Woodmark in the 1st quarter valued at approximately $204,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of American Woodmark by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $234,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 4.7%

Shares of NASDAQ:AMWD opened at $64.81 on Wednesday. The company’s fifty day moving average is $59.66 and its two-hundred day moving average is $58.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The stock has a market capitalization of $944.28 million, a price-to-earnings ratio of 11.59 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.13). The business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The company’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMWD shares. Robert W. Baird lifted their price target on shares of American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Wall Street Zen downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Loop Capital cut their target price on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.00.

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.