Cwm LLC Purchases 14,804 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

Cwm LLC boosted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 685.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,965 shares of the auto parts company’s stock after purchasing an additional 14,804 shares during the quarter. Cwm LLC’s holdings in American Axle & Manufacturing were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AXL. Signaturefd LLC grew its position in shares of American Axle & Manufacturing by 825.6% during the 2nd quarter. Signaturefd LLC now owns 6,979 shares of the auto parts company’s stock worth $28,000 after buying an additional 6,225 shares during the period. Cerity Partners LLC bought a new position in American Axle & Manufacturing in the first quarter valued at $72,000. Blueshift Asset Management LLC bought a new stake in American Axle & Manufacturing during the first quarter worth about $81,000. EP Wealth Advisors LLC acquired a new position in American Axle & Manufacturing during the first quarter worth $87,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in American Axle & Manufacturing in the 2nd quarter valued at about $94,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock opened at $6.35 on Tuesday. The stock has a market cap of $752.92 million, a price-to-earnings ratio of 18.66, a P/E/G ratio of 0.97 and a beta of 1.53. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $3.00 and a twelve month high of $7.03. The company’s fifty day moving average is $6.02 and its 200 day moving average is $5.03. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, August 8th. The auto parts company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.19 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a report on Monday, October 6th. Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Stifel Nicolaus upped their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $6.00 to $8.00 in a research report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, American Axle & Manufacturing presently has an average rating of “Hold” and a consensus price target of $7.17.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.