American Axle & Manufacturing (NYSE:AXL) Announces Earnings Results

American Axle & Manufacturing (NYSE:AXL) posted its quarterly earnings results on Friday. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Zacks reports. American Axle & Manufacturing had a net margin of 0.73% and a return on equity of 8.90%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. American Axle & Manufacturing updated its FY 2025 guidance to EPS.

American Axle & Manufacturing Stock Performance

Shares of AXL stock traded up $0.37 on Friday, hitting $6.54. The company had a trading volume of 5,987,592 shares, compared to its average volume of 3,119,436. American Axle & Manufacturing has a twelve month low of $3.00 and a twelve month high of $7.03. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 3.86. The firm has a market cap of $775.47 million, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 0.97 and a beta of 1.60. The company has a 50-day moving average price of $6.05 and a 200-day moving average price of $5.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AXL. Shay Capital LLC purchased a new stake in American Axle & Manufacturing in the 2nd quarter worth approximately $102,000. Cetera Investment Advisers lifted its stake in shares of American Axle & Manufacturing by 27.1% in the 2nd quarter. Cetera Investment Advisers now owns 33,774 shares of the auto parts company’s stock valued at $138,000 after purchasing an additional 7,197 shares during the period. Militia Capital Partners LP acquired a new position in shares of American Axle & Manufacturing in the 2nd quarter valued at $150,000. The Manufacturers Life Insurance Company boosted its holdings in American Axle & Manufacturing by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock worth $178,000 after buying an additional 2,993 shares in the last quarter. Finally, Caption Management LLC grew its position in American Axle & Manufacturing by 90.5% during the second quarter. Caption Management LLC now owns 60,000 shares of the auto parts company’s stock valued at $245,000 after buying an additional 28,500 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AXL. Wall Street Zen lowered shares of American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of American Axle & Manufacturing in a research note on Tuesday, October 14th. UBS Group increased their price objective on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a report on Monday, October 6th. Stifel Nicolaus lifted their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada upgraded American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $6.00 to $8.00 in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.17.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.