Meeder Asset Management Inc. Takes Position in American Woodmark Co. (NASDAQ:AMWD)

Meeder Asset Management Inc. acquired a new position in American Woodmark Co. (NASDAQ:AMWD) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,672 shares of the company’s stock, valued at approximately $289,000.

Several other large investors have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its stake in shares of American Woodmark by 421.0% in the fourth quarter. Allianz Asset Management GmbH now owns 154,806 shares of the company’s stock worth $14,374,000 after purchasing an additional 125,095 shares in the last quarter. Norges Bank acquired a new stake in shares of American Woodmark in the 4th quarter worth approximately $10,027,000. Hennessy Advisors Inc. bought a new position in shares of American Woodmark in the second quarter valued at approximately $6,602,000. Cooke & Bieler LP increased its stake in shares of American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares during the period. Finally, Vanguard Group Inc. raised its holdings in American Woodmark by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after purchasing an additional 74,371 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Price Performance

AMWD stock opened at $88.70 on Friday. American Woodmark Co. has a one year low of $65.01 and a one year high of $106.57. The firm has a 50-day moving average of $90.38 and a two-hundred day moving average of $91.08. The firm has a market capitalization of $1.37 billion, a PE ratio of 12.42 and a beta of 1.61. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter last year, the company posted $2.78 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMWD shares. Loop Capital lowered their price target on American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Robert W. Baird dropped their price target on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.00.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.