American Woodmark Co. (NASDAQ:AMWD) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 214.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,800 shares of the company’s stock after acquiring an additional 56,500 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.55% of American Woodmark worth $6,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMWD. Victory Capital Management Inc. boosted its position in shares of American Woodmark by 1,570.6% during the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after acquiring an additional 242,030 shares during the last quarter. Pzena Investment Management LLC lifted 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 valued at $45,189,000 after buying an additional 179,644 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in American Woodmark in the third quarter valued at about $15,967,000. Hotchkis & Wiley Capital Management LLC acquired a new position in American Woodmark in the third quarter valued at about $9,195,000. Finally, Franklin Resources Inc. lifted its position in American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after buying an additional 72,600 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AMWD shares. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Robert W. Baird upped their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, StockNews.com lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Woodmark has an average rating of “Hold” and an average target price of $114.00.

Insider Activity

In other news, Director James G. Davis sold 2,821 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.23, for a total value of $231,970.83. Following the completion of the sale, the director now directly owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 5,750 shares of company stock valued at $474,548. 1.30% of the stock is currently owned by company insiders.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $59.02 on Friday. The firm has a market capitalization of $875.56 million, a P/E ratio of 8.82 and a beta of 1.58. American Woodmark Co. has a 52 week low of $57.44 and a 52 week high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $73.18 and its two-hundred day moving average is $84.33.

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

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.