Cresset Asset Management LLC Purchases 837 Shares of American Woodmark Co. (NASDAQ:AMWD)

Cresset Asset Management LLC boosted its position in American Woodmark Co. (NASDAQ:AMWD) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,703 shares of the company’s stock after acquiring an additional 837 shares during the quarter. Cresset Asset Management LLC owned 0.09% of American Woodmark worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMWD. Franklin Resources Inc. increased its stake in American Woodmark by 266.0% in the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock valued at $29,616,000 after acquiring an additional 270,644 shares during the last quarter. Victory Capital Management Inc. grew its stake 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 worth $20,474,000 after buying an additional 242,030 shares during the last quarter. Atlas FRM LLC bought a new stake in shares of American Woodmark during the fourth quarter worth $9,066,000. Norges Bank bought a new stake in shares of American Woodmark during the fourth quarter worth $5,675,000. Finally, First Eagle Investment Management LLC grew its stake in shares of American Woodmark by 214.8% during the fourth quarter. First Eagle Investment Management LLC now owns 82,800 shares of the company’s stock worth $6,585,000 after buying an additional 56,500 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $58.62 on Monday. 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 Co. has a twelve month low of $52.20 and a twelve month high of $106.57. The stock has a market cap of $869.63 million, a price-to-earnings ratio of 8.76 and a beta of 1.34. The company’s fifty day moving average is $58.34 and its 200 day moving average is $74.61.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMWD shares. Zelman & Associates reaffirmed an “underperform” rating on shares of American Woodmark in a research note on Monday, April 14th. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Loop Capital decreased their target price on shares of American Woodmark from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, StockNews.com cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.00.

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.