MQS Management LLC Takes Position in American Woodmark Co. (NASDAQ:AMWD)

MQS Management LLC acquired a new stake in American Woodmark Co. (NASDAQ:AMWD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,154 shares of the company’s stock, valued at approximately $321,000.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of American Woodmark by 1,230.2% in the first quarter. Covestor Ltd now owns 1,716 shares of the company’s stock valued at $175,000 after buying an additional 1,587 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of American Woodmark in the fourth quarter valued at approximately $184,000. Mackenzie Financial Corp acquired a new stake in shares of American Woodmark in the fourth quarter valued at approximately $210,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of American Woodmark in the first quarter valued at approximately $219,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of American Woodmark in the first quarter valued at approximately $230,000. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Price Performance

Shares of AMWD traded up $6.25 during midday trading on Friday, hitting $101.57. The company’s stock had a trading volume of 17,116 shares, compared to its average volume of 129,136. American Woodmark Co. has a one year low of $65.01 and a one year high of $104.28. The company’s fifty day simple moving average is $84.70 and its two-hundred day simple moving average is $91.28. The company has a quick ratio of 1.24, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.18 and a beta of 1.62.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The business had revenue of $453.28 million during the quarter, compared to the consensus estimate of $437.80 million.

Insider Activity at American Woodmark

In other news, Director Philip D. Fracassa acquired 600 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $86.66 per share, with a total value of $51,996.00. Following the acquisition, the director now directly owns 600 shares in the company, valued at approximately $51,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMWD has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Loop Capital lowered their target price on American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Finally, Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $101.33.

About American Woodmark

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.