Nuveen Asset Management LLC Has $3.35 Million Position in American Woodmark Co. (NASDAQ:AMWD)

Nuveen Asset Management LLC reduced its holdings in American Woodmark Co. (NASDAQ:AMWD) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,519 shares of the company’s stock after selling 3,738 shares during the period. Nuveen Asset Management LLC owned 0.43% of American Woodmark worth $3,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC boosted its holdings in American Woodmark by 97.6% in the 1st quarter. AlphaCrest Capital Management LLC now owns 5,527 shares of the company’s stock valued at $252,000 after purchasing an additional 2,730 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of American Woodmark by 142.0% during the first quarter. BNP Paribas Arbitrage SA now owns 10,249 shares of the company’s stock worth $467,000 after buying an additional 6,014 shares during the period. Federated Hermes Inc. increased its position in shares of American Woodmark by 38,568.9% during the first quarter. Federated Hermes Inc. now owns 23,588 shares of the company’s stock worth $1,075,000 after buying an additional 23,527 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Woodmark during the first quarter worth $467,000. Finally, US Bancorp DE boosted its stake in American Woodmark by 13.4% during the first quarter. US Bancorp DE now owns 11,646 shares of the company’s stock worth $531,000 after acquiring an additional 1,378 shares in the last quarter. Institutional investors own 93.66% of the company’s stock.

Several research analysts recently issued reports on the stock. TheStreet lowered shares of American Woodmark from a “b” rating to a “c+” rating in a research note on Monday, March 16th. Zacks Investment Research raised shares of American Woodmark from a “strong sell” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, June 16th. Wells Fargo & Co increased their target price on shares of American Woodmark from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Sidoti dropped their price objective on shares of American Woodmark from $108.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, BidaskClub raised shares of American Woodmark from a “hold” rating to a “buy” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. American Woodmark currently has a consensus rating of “Buy” and an average target price of $72.40.

American Woodmark stock opened at $72.72 on Wednesday. The firm’s fifty day moving average price is $64.34 and its two-hundred day moving average price is $78.60. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 16.45 and a beta of 2.34. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 1.01. American Woodmark Co. has a 1-year low of $35.30 and a 1-year high of $117.70.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, May 26th. The company reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.18). The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $373.28 million. American Woodmark had a net margin of 4.54% and a return on equity of 16.46%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.87 EPS. On average, research analysts forecast that American Woodmark Co. will post 3.65 EPS for the current year.

American Woodmark Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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