American Woodmark Co. (AMWD) Position Boosted by Frontier Capital Management Co. LLC
Frontier Capital Management Co. LLC lifted its holdings in American Woodmark Co. (NASDAQ:AMWD) by 58.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,270 shares of the company’s stock after purchasing an additional 25,867 shares during the period. Frontier Capital Management Co. LLC’s holdings in American Woodmark were worth $9,153,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Riverhead Capital Management LLC increased its stake in shares of American Woodmark by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after purchasing an additional 599 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of American Woodmark by 78.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after purchasing an additional 612 shares in the last quarter. Pinebridge Investments L.P. increased its stake in shares of American Woodmark by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after purchasing an additional 18 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of American Woodmark in the 3rd quarter valued at about $236,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of American Woodmark in the 2nd quarter valued at about $288,000. Hedge funds and other institutional investors own 75.79% of the company’s stock.
Several brokerages recently weighed in on AMWD. BidaskClub lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, December 6th. Finally, Robert W. Baird lifted their price target on American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, December 4th.
Shares of American Woodmark Co. (NASDAQ:AMWD) opened at $135.65 on Tuesday. American Woodmark Co. has a 52 week low of $69.65 and a 52 week high of $136.45. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,373.45, a P/E ratio of 30.01 and a beta of 1.56.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm had revenue of $274.80 million for the quarter, compared to analysts’ expectations of $280.60 million. During the same quarter last year, the firm posted $1.10 earnings per share. American Woodmark’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts anticipate that American Woodmark Co. will post 4.96 earnings per share for the current year.
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About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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