Assenagon Asset Management S.A. Grows Holdings in American Woodmark Corporation $AMWD

Assenagon Asset Management S.A. grew its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 3,285.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,690 shares of the company’s stock after buying an additional 141,386 shares during the quarter. Assenagon Asset Management S.A. owned 1.00% of American Woodmark worth $7,853,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Federated Hermes Inc. bought a new stake in American Woodmark during the third quarter worth about $36,000. Advisory Services Network LLC purchased a new position in shares of American Woodmark during the 3rd quarter valued at about $57,000. Canada Pension Plan Investment Board bought a new stake in American Woodmark in the 2nd quarter worth approximately $64,000. Osaic Holdings Inc. lifted its position in American Woodmark by 19.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after buying an additional 357 shares during the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new stake in American Woodmark in the third quarter worth approximately $120,000. 95.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMWD shares. Robert W. Baird cut their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Weiss Ratings cut shares of American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 13th. Finally, Zelman & Associates upgraded shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.33.

American Woodmark Price Performance

Shares of AMWD stock opened at $40.10 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. American Woodmark Corporation has a fifty-two week low of $35.51 and a fifty-two week high of $72.15. The firm has a market cap of $584.26 million, a P/E ratio of 34.57 and a beta of 1.28. The business’s 50 day moving average price is $52.59 and its 200-day moving average price is $57.33.

American Woodmark (NASDAQ:AMWD) last announced 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. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company had revenue of $324.30 million during the quarter, compared to analyst estimates of $358.14 million. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue was down 18.4% on a year-over-year basis.

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.