First Eagle Investment Management LLC Boosts Stock Position in American Woodmark Corporation $AMWD

First Eagle Investment Management LLC increased its stake in American Woodmark Corporation (NASDAQ:AMWD) by 20.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 159,300 shares of the company’s stock after buying an additional 27,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in American Woodmark were worth $10,635,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new position in American Woodmark in the 3rd quarter worth about $36,000. Canada Pension Plan Investment Board purchased a new stake in shares of American Woodmark in the second quarter worth about $64,000. CWM LLC lifted its holdings in shares of American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after buying an additional 696 shares in the last quarter. EMC Capital Management bought a new position in shares of American Woodmark in the second quarter valued at approximately $109,000. Finally, Osaic Holdings Inc. grew its stake in American Woodmark by 19.9% during the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

AMWD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Robert W. Baird decreased their price target on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Finally, Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.33.

American Woodmark Price Performance

AMWD stock opened at $47.80 on Wednesday. American Woodmark Corporation has a one year low of $46.88 and a one year high of $72.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13. The stock has a market cap of $696.45 million, a PE ratio of 41.21 and a beta of 1.28. The firm has a 50 day simple moving average of $58.42 and a two-hundred day simple moving average of $60.36.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.34. The business had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The firm’s revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.