Intech Investment Management LLC Raises Position in American Woodmark Co. (NASDAQ:AMWD)

Intech Investment Management LLC boosted its stake in American Woodmark Co. (NASDAQ:AMWD) by 70.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,664 shares of the company’s stock after buying an additional 5,652 shares during the period. Intech Investment Management LLC’s holdings in American Woodmark were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMWD. Wellington Management Group LLP lifted its holdings in shares of American Woodmark by 8.1% during the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock valued at $50,227,000 after purchasing an additional 40,378 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of American Woodmark by 1.2% during the fourth quarter. Pzena Investment Management LLC now owns 489,517 shares of the company’s stock valued at $38,931,000 after purchasing an additional 5,955 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of American Woodmark by 10.2% during the third quarter. Systematic Financial Management LP now owns 330,561 shares of the company’s stock valued at $30,891,000 after purchasing an additional 30,493 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Woodmark by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after purchasing an additional 7,870 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after purchasing an additional 242,030 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

Shares of AMWD stock opened at $58.78 on Friday. The company has a 50 day moving average price of $71.47 and a 200-day moving average price of $83.35. American Woodmark Co. has a 52 week low of $57.44 and a 52 week high of $106.57. The firm has a market capitalization of $872.00 million, a PE ratio of 8.79 and a beta of 1.58. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMWD. Loop Capital lowered their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Finally, Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.00.

Insider Transactions at American Woodmark

In other news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now directly owns 24,573 shares in the company, valued at $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

American Woodmark Company 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.