Victory Capital Management Inc. lifted its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 98.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,478 shares of the company’s stock after acquiring an additional 1,727 shares during the period. Victory Capital Management Inc.’s holdings in American Woodmark were worth $273,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in American Woodmark by 149.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after purchasing an additional 790 shares during the period. PNC Financial Services Group Inc. lifted its holdings in American Woodmark by 5.6% in the second quarter. PNC Financial Services Group Inc. now owns 15,610 shares of the company’s stock worth $1,428,000 after purchasing an additional 822 shares during the period. Cutler Group LP lifted its holdings in American Woodmark by 1,010.0% in the second quarter. Cutler Group LP now owns 1,110 shares of the company’s stock worth $101,000 after purchasing an additional 1,010 shares during the period. Rhumbline Advisers lifted its holdings in American Woodmark by 3.4% in the second quarter. Rhumbline Advisers now owns 34,248 shares of the company’s stock worth $3,135,000 after purchasing an additional 1,118 shares during the period. Finally, OppenheimerFunds Inc. lifted its holdings in American Woodmark by 18.6% in the second quarter. OppenheimerFunds Inc. now owns 7,482 shares of the company’s stock worth $685,000 after purchasing an additional 1,174 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.
Shares of NASDAQ AMWD opened at $66.89 on Monday. American Woodmark Co. has a twelve month low of $55.03 and a twelve month high of $148.44. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.96 and a quick ratio of 1.27. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.07 and a beta of 2.14.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, August 28th. ValuEngine downgraded shares of American Woodmark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. TheStreet downgraded shares of American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Robert W. Baird set a $104.00 price objective on shares of American Woodmark and gave the stock a “buy” rating in a report on Tuesday, October 16th. Finally, Longbow Research downgraded shares of American Woodmark to a “buy” rating and set a $123.00 price objective for the company. in a report on Friday, October 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $104.75.
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American Woodmark Company 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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