American Woodmark Corporation $AMWD is Atlas FRM LLC’s 8th Largest Position

Atlas FRM LLC raised its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,000 shares of the company’s stock after acquiring an additional 18,000 shares during the period. American Woodmark makes up approximately 1.5% of Atlas FRM LLC’s holdings, making the stock its 8th biggest holding. Atlas FRM LLC owned approximately 1.34% of American Woodmark worth $13,018,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of American Woodmark by 5.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,809 shares of the company’s stock valued at $203,000 after buying an additional 206 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in American Woodmark by 0.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,422 shares of the company’s stock worth $2,744,000 after acquiring an additional 356 shares in the last quarter. Osaic Holdings Inc. raised its stake in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after buying an additional 357 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of American Woodmark during the 3rd quarter worth $36,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of American Woodmark by 19.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,226 shares of the company’s stock valued at $279,000 after buying an additional 838 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

AMWD stock opened at $40.71 on Thursday. The stock has a market cap of $593.14 million, a price-to-earnings ratio of 35.10 and a beta of 1.28. American Woodmark Corporation has a 52-week low of $39.76 and a 52-week high of $72.15. The business has a fifty day moving average of $57.10 and a two-hundred day moving average of $59.53. The company has a quick ratio of 1.13, a current ratio of 2.37 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.34. The company had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The firm’s revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share.

Analysts Set New Price Targets

AMWD has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Finally, Zelman & Associates upgraded shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.33.

American Woodmark 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.