American Woodmark Corporation $AMWD Stock Position Raised by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in American Woodmark Corporation (NASDAQ:AMWD) by 38.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,424 shares of the company’s stock after buying an additional 1,221 shares during the quarter. Penserra Capital Management LLC’s holdings in American Woodmark were worth $236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $234,000 after acquiring an additional 193 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of American Woodmark by 2.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,218 shares of the company’s stock valued at $545,000 after purchasing an additional 256 shares during the last quarter. GAMMA Investing LLC boosted its holdings in American Woodmark by 35.8% in the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after purchasing an additional 285 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in American Woodmark by 5.8% in the second quarter. State of Alaska Department of Revenue now owns 8,824 shares of the company’s stock worth $470,000 after purchasing an additional 482 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in American Woodmark by 1.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,066 shares of the company’s stock worth $3,004,000 after buying an additional 635 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMWD shares. Robert W. Baird boosted their price target on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $70.00.

American Woodmark Trading Down 1.5%

American Woodmark stock opened at $53.23 on Thursday. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $103.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. The firm has a market capitalization of $775.51 million, a PE ratio of 9.52 and a beta of 1.22. The business’s 50-day simple moving average is $64.80 and its 200-day simple moving average is $60.14.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. During the same period last year, the business earned $1.89 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year.

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.