3,939 Shares in American Woodmark Co. (NASDAQ:AMWD) Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in American Woodmark Co. (NASDAQ:AMWD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,939 shares of the company’s stock, valued at approximately $400,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC acquired a new position in American Woodmark during the fourth quarter valued at approximately $184,000. Mackenzie Financial Corp acquired a new position in shares of American Woodmark in the 4th quarter valued at about $210,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of American Woodmark in the 1st quarter valued at about $219,000. Capstone Investment Advisors LLC acquired a new position in American Woodmark in the first quarter worth approximately $230,000. Finally, Allspring Global Investments Holdings LLC boosted its position in American Woodmark by 3,400.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after purchasing an additional 2,448 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Price Performance

Shares of AMWD traded down $1.19 during midday trading on Friday, reaching $89.75. The stock had a trading volume of 122,210 shares, compared to its average volume of 165,049. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.57 and a beta of 1.62. American Woodmark Co. has a 12-month low of $65.01 and a 12-month high of $104.28. The company’s 50-day moving average is $84.90 and its 200 day moving average is $91.19. The company has a current ratio of 2.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The firm had revenue of $453.28 million during the quarter, compared to analysts’ expectations of $437.80 million. American Woodmark had a return on equity of 15.43% and a net margin of 6.29%. On average, equities analysts predict that American Woodmark Co. will post 8.31 EPS for the current fiscal year.

Insider Activity

In other American Woodmark news, Director Philip D. Fracassa bought 600 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $86.66 per share, for a total transaction of $51,996.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at $51,996. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research report on Wednesday. Robert W. Baird decreased their price objective on American Woodmark from $122.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Loop Capital reduced their price target on American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.33.

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.