American Woodmark Corporation $AMWD Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 98.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,555 shares of the company’s stock after selling 308,607 shares during the quarter. LSV Asset Management’s holdings in American Woodmark were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cooke & Bieler LP increased its position in shares of American Woodmark by 3.7% in the third quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock valued at $62,118,000 after buying an additional 32,832 shares in the last quarter. Systematic Financial Management LP grew its stake in American Woodmark by 7.3% in the 2nd quarter. Systematic Financial Management LP now owns 391,562 shares of the company’s stock valued at $20,898,000 after acquiring an additional 26,633 shares during the period. Franklin Resources Inc. increased its holdings in American Woodmark by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 367,053 shares of the company’s stock worth $19,590,000 after acquiring an additional 1,955 shares in the last quarter. Millennium Management LLC raised its position in American Woodmark by 277.0% during the first quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,427 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in American Woodmark by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 132,300 shares of the company’s stock valued at $7,061,000 after purchasing an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMWD. Weiss Ratings reissued 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 price objective (up from $57.00) on shares of American Woodmark in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.00.

American Woodmark Price Performance

AMWD stock opened at $58.03 on Wednesday. American Woodmark Corporation has a 1 year low of $47.15 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. The firm has a market capitalization of $845.50 million, a PE ratio of 13.75 and a beta of 1.27. The business has a 50 day simple moving average of $58.98 and a 200-day simple moving average of $60.89.

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

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.