51,385 Shares in American Woodmark Corporation $AMWD Bought by Versor Investments LP

Versor Investments LP bought a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 51,385 shares of the company’s stock, valued at approximately $3,430,000. American Woodmark comprises approximately 0.6% of Versor Investments LP’s investment portfolio, making the stock its 18th biggest holding. Versor Investments LP owned 0.35% of American Woodmark at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMWD. Pzena Investment Management LLC raised its position in shares of American Woodmark by 36.6% during the second quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company’s stock valued at $61,286,000 after buying an additional 307,657 shares during the last quarter. Millennium Management LLC raised its holdings in American Woodmark by 277.0% in the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock valued at $11,805,000 after acquiring an additional 147,427 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of American Woodmark by 41.8% during the 2nd quarter. WCM Investment Management LLC now owns 236,802 shares of the company’s stock worth $12,595,000 after purchasing an additional 69,779 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of American Woodmark by 67.0% during the 2nd quarter. Bank of America Corp DE now owns 113,228 shares of the company’s stock worth $6,043,000 after purchasing an additional 45,407 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of American Woodmark during the third quarter valued at approximately $2,952,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Down 1.0%

Shares of American Woodmark stock opened at $66.84 on Tuesday. The stock has a market capitalization of $973.86 million, a P/E ratio of 15.84 and a beta of 1.26. American Woodmark Corporation has a 12-month low of $47.15 and a 12-month high of $78.88. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $58.38 and a 200 day simple moving average of $60.64.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.44). American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $410.62 million. During the same period in the previous year, the business posted $2.08 EPS. The business’s quarterly revenue was down 12.8% on a year-over-year basis.

Analysts Set New Price Targets

A number of research firms have weighed in on AMWD. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of American Woodmark in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.00.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.