Envestnet Asset Management Inc. Boosts Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Envestnet Asset Management Inc. raised its position in shares of American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,484 shares of the company’s stock after purchasing an additional 607 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of American Woodmark worth $952,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMWD. Captrust Financial Advisors lifted its holdings in shares of American Woodmark by 114.6% in the 1st quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock valued at $61,000 after buying an additional 667 shares during the period. Lazard Asset Management LLC acquired a new position in shares of American Woodmark during the third quarter valued at approximately $65,000. Quantbot Technologies LP acquired a new position in shares of American Woodmark during the third quarter valued at approximately $82,000. Public Employees Retirement System of Ohio raised its holdings in shares of American Woodmark by 13.6% during the third quarter. Public Employees Retirement System of Ohio now owns 2,382 shares of the company’s stock valued at $104,000 after acquiring an additional 285 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of American Woodmark by 3,874.2% during the third quarter. UBS Group AG now owns 2,623 shares of the company’s stock valued at $116,000 after acquiring an additional 2,557 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded American Woodmark from a “hold” rating to a “buy” rating in a research report on Friday.

American Woodmark Trading Up 8.7 %

AMWD opened at $58.67 on Friday. American Woodmark Co. has a 52 week low of $40.70 and a 52 week high of $63.02. The business has a fifty day simple moving average of $51.10 and a 200-day simple moving average of $52.92. The firm has a market cap of $976.27 million, a P/E ratio of 12.51 and a beta of 1.81. The company has a quick ratio of 1.11, a current ratio of 2.45 and a debt-to-equity ratio of 0.52.

American Woodmark (NASDAQ:AMWD – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.29). The company had revenue of $480.70 million during the quarter, compared to analyst estimates of $508.43 million. American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, equities analysts expect that American Woodmark Co. will post 6.75 earnings per share for the current year.

American Woodmark Profile

(Get Rating)

American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.