Pzena Investment Management LLC Has $45.19 Million Position in American Woodmark Co. (NASDAQ:AMWD)

Pzena Investment Management LLC grew its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 59.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,562 shares of the company’s stock after buying an additional 179,644 shares during the period. Pzena Investment Management LLC owned approximately 3.12% of American Woodmark worth $45,189,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the period. Innealta Capital LLC bought a new stake in American Woodmark during the second quarter worth $66,000. Picton Mahoney Asset Management acquired a new stake in shares of American Woodmark in the 2nd quarter valued at $71,000. DekaBank Deutsche Girozentrale increased its stake in shares of American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after buying an additional 631 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMWD. Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Robert W. Baird upped their price target on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

American Woodmark Stock Performance

American Woodmark stock traded up $0.42 during midday trading on Wednesday, reaching $94.89. The stock had a trading volume of 28,632 shares, compared to its average volume of 149,779. American Woodmark Co. has a 12 month low of $70.58 and a 12 month high of $106.57. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.47 billion, a PE ratio of 14.00 and a beta of 1.61. The firm’s 50-day moving average price is $93.99 and its 200 day moving average price is $90.33.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. American Woodmark’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.