Everence Capital Management Inc. Invests $277,000 in American Woodmark Co. (NASDAQ:AMWD)

Everence Capital Management Inc. acquired a new position in shares of American Woodmark Co. (NASDAQ:AMWD) during the 4th quarter, Holdings Channel reports. The fund acquired 2,980 shares of the company’s stock, valued at approximately $277,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of American Woodmark by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,616,710 shares of the company’s stock worth $122,239,000 after purchasing an additional 34,735 shares during the last quarter. Wellington Management Group LLP boosted its holdings in American Woodmark by 9.3% in the first quarter. Wellington Management Group LLP now owns 1,184,109 shares of the company’s stock valued at $57,962,000 after acquiring an additional 100,455 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Woodmark by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,089,649 shares of the company’s stock valued at $56,736,000 after acquiring an additional 50,093 shares during the last quarter. State Street Corp boosted its holdings in American Woodmark by 0.6% in the second quarter. State Street Corp now owns 613,870 shares of the company’s stock valued at $46,881,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in American Woodmark by 49.6% in the fourth quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock valued at $51,377,000 after acquiring an additional 183,336 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Trading Down 1.4 %

NASDAQ:AMWD opened at $90.10 on Friday. The business’s 50-day moving average is $96.71 and its two-hundred day moving average is $87.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. American Woodmark Co. has a 12 month low of $47.98 and a 12 month high of $104.28. The firm has a market capitalization of $1.43 billion, a PE ratio of 12.43 and a beta of 1.73.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.13 by $0.53. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The company had revenue of $422.10 million for the quarter, compared to analyst estimates of $394.56 million. During the same period last year, the company posted $1.46 earnings per share. The firm’s revenue was down 12.2% compared to the same quarter last year. Research analysts predict that American Woodmark Co. will post 8.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMWD has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, March 1st. StockNews.com cut American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.25.

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.