American Woodmark Co. (NASDAQ:AMWD) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in American Woodmark Co. (NASDAQ:AMWD) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,420 shares of the company’s stock after acquiring an additional 200 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in American Woodmark were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its stake in shares of American Woodmark by 1.2% during the fourth quarter. Pzena Investment Management LLC now owns 489,517 shares of the company’s stock worth $38,931,000 after purchasing an additional 5,955 shares in the last quarter. Franklin Resources Inc. increased its position in shares of American Woodmark by 266.0% during the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock worth $29,616,000 after acquiring an additional 270,644 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in American Woodmark by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after buying an additional 7,870 shares during the last quarter. LSV Asset Management increased its holdings in American Woodmark by 4.2% in the fourth quarter. LSV Asset Management now owns 264,952 shares of the company’s stock valued at $21,072,000 after buying an additional 10,605 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in American Woodmark by 1,570.6% in the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after buying an additional 242,030 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMWD shares. Zelman & Associates reiterated an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. StockNews.com cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd. Loop Capital cut their price objective on shares of American Woodmark from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.00.

American Woodmark Trading Down 0.2 %

Shares of AMWD opened at $58.13 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57. The business’s 50-day moving average price is $59.75 and its 200 day moving average price is $76.95. The stock has a market capitalization of $862.36 million, a P/E ratio of 8.69 and a beta of 1.31.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million.

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.