Assenagon Asset Management S.A. Boosts Stake in American Woodmark Corporation $AMWD

Assenagon Asset Management S.A. lifted its position in American Woodmark Corporation (NASDAQ:AMWD) by 3,285.0% in the 4th quarter, Holdings Channel reports. The fund owned 145,690 shares of the company’s stock after acquiring an additional 141,386 shares during the quarter. Assenagon Asset Management S.A.’s holdings in American Woodmark were worth $7,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of American Woodmark during the third quarter valued at approximately $36,000. Advisory Services Network LLC bought a new position in American Woodmark in the third quarter worth $57,000. Canada Pension Plan Investment Board bought a new position in American Woodmark in the second quarter worth $64,000. Osaic Holdings Inc. lifted its position in American Woodmark by 19.9% during the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after buying an additional 357 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new position in American Woodmark during the third quarter valued at $120,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 3.4%

Shares of American Woodmark stock opened at $40.10 on Friday. The company has a 50-day simple moving average of $52.59 and a two-hundred day simple moving average of $57.33. American Woodmark Corporation has a 52-week low of $35.51 and a 52-week high of $72.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. The stock has a market capitalization of $584.26 million, a PE ratio of 34.57 and a beta of 1.28.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.34. American Woodmark had a net margin of 1.15% and a return on equity of 6.15%. The company had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMWD shares. Zelman & Associates raised shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research report on Friday, February 27th. Weiss Ratings cut shares of American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 13th. Finally, Robert W. Baird dropped their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.33.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.