Charles Schwab Investment Management Inc. Grows Stake in American Woodmark Co. (NASDAQ:AMWD)

Charles Schwab Investment Management Inc. grew its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,712 shares of the company’s stock after purchasing an additional 4,118 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.91% of American Woodmark worth $27,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in American Woodmark by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after acquiring an additional 7,496 shares in the last quarter. Cooke & Bieler LP grew its position in American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after acquiring an additional 80,873 shares in the last quarter. Pacer Advisors Inc. grew its position in American Woodmark by 18.2% in the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Pzena Investment Management LLC grew its position in American Woodmark by 59.1% in the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after acquiring an additional 179,644 shares in the last quarter. Finally, LSV Asset Management grew its position in American Woodmark by 36.6% in the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock worth $17,946,000 after acquiring an additional 61,206 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMWD has been the subject of several research reports. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, August 14th. Loop Capital cut their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Robert W. Baird upped their price target on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

American Woodmark Stock Performance

NASDAQ AMWD opened at $88.34 on Thursday. The company has a 50-day simple moving average of $94.40 and a two-hundred day simple moving average of $90.16. 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 12-month low of $76.57 and a 12-month high of $106.57. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.20 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). The business had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 earnings per share.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 10,500 shares of company stock valued at $958,090. Insiders own 1.30% of the company’s stock.

American Woodmark Company 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.