Hotchkis & Wiley Capital Management LLC Buys New Shares in American Woodmark Co. (NASDAQ:AMWD)

Hotchkis & Wiley Capital Management LLC bought a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) in the 3rd quarter, HoldingsChannel reports. The firm bought 98,390 shares of the company’s stock, valued at approximately $9,195,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of American Woodmark by 195.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock valued at $820,000 after acquiring an additional 6,912 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of American Woodmark in the 3rd quarter valued at approximately $749,000. Creative Planning purchased a new stake in shares of American Woodmark in the 3rd quarter valued at approximately $312,000. Acadian Asset Management LLC lifted its position in shares of American Woodmark by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after acquiring an additional 6,947 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of American Woodmark by 4.5% in the 3rd quarter. WCM Investment Management LLC now owns 187,044 shares of the company’s stock valued at $17,388,000 after acquiring an additional 8,059 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMWD has been the subject of several research analyst reports. Loop Capital reduced their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, August 14th. Finally, Robert W. Baird upped their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, American Woodmark currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.

American Woodmark Stock Down 1.9 %

American Woodmark stock opened at $88.34 on Thursday. The firm has a market cap of $1.33 billion, a PE ratio of 13.20 and a beta of 1.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The firm’s 50 day moving average price is $94.40 and its two-hundred day moving average price is $90.16. American Woodmark Co. has a twelve month low of $76.57 and a twelve month high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 EPS.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the transaction, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by corporate insiders.

American Woodmark Profile

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.