Dimensional Fund Advisors LP has recently announced that it has increased stake in American Woodmark Corporation (NASDAQ:AMWD) by 5.99%. After grabbing 0.98 million shares, the institutional investor is now in possession of 55571.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 5.91% having worth around $48.01 million. Moreover, WCM Investment Management LLC increased its share by 5118.0 to have a control over 0.48 million shares. And Systematic Financial Management L raised its holdings to 12506.0 shares by acquiring 0.36 million shares or 2.16% of the stake.
American Woodmark Corporation (AMWD) concluded trading on 01/26/23 at a closing price of $52.93, with 99832.0 shares of worth about $5.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.74% during that period and on Thursday the price saw a loss of about -0.71%. Currently the company’s common shares owned by public are about 16.61M shares, out of which, 16.43M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the AMWD stock and their offered price forecasts bring an average price target of $56.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $63.00 and could fall to a lowest price of $46.00. The stock’s current price level is 6.6% above of average price target set by the analysts, while a rise to estimated low would result in loss of -15.07% for the stock. However, touching the estimated high of $63.00 would mean a gain of 15.98% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 31 times over the past 12 months. They bought 79,667 shares in 22 of the transactions. In 9 selling transactions, insiders dumped 6,876 shares.
iShares Core S&P Small Cap ETF, Hennessy Focus Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in American Woodmark Corporation iShares Core S&P Small Cap ETF is currently holding 1.23 million shares of worth totaling $60.08 million. The company recently came selling 936.0 shares which brought its stake up to 7.40% of the company’s outstanding shares. Hennessy Focus Fund sold 55966.0 shares, after which its hold over company’s outstanding shares shrunk to 3.82%, leaving 0.64 million shares with the mutual fund that have a worth of about $31.05 million. Vanguard Total Stock Market Index, after buying 0.49 million shares, have now control over 2.93% of the stake in the company. It holds 0.0 shares of worth $23.81 million.
American Woodmark Corporation (NASDAQ: AMWD) started trading at $53.49, above $0.18 from concluding price of the previous day. However, the stock later moved at a day high price of 53.93, or with a loss of -0.71%. Stock saw a price change of 2.26% in past 5 days and over the past one month there was a price change of 3.80%. Year-to-date (YTD), AMWD shares are showing a performance of 8.33% which decreased to -14.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $40.70 but also hit the highest price of $63.17 during that period. The average intraday trading volume for American Woodmark Corporation shares is 99.67K. The stock is currently trading 2.08% above its 20-day simple moving average (SMA20), while that difference is down -0.08% for SMA50 and it goes to 7.60% higher than SMA200.
Dimensional Fund Advisors LP acquired 0.98 million shares of American Woodmark Corporation having value of about $48.01 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 55571.0 shares in the company valued at close to $2941373.03, or have control over 5.99% stake in the company. American Woodmark Corporation (NASDAQ: AMWD) currently have 16.61M outstanding shares and institutions hold larger chunk of about 93.00% of that. Holding of mutual funds in the company is about 41.83% while other institutional holders and individual stake holders have control over 50.39% and 25.31% of the stake respectively.
The stock has a current market capitalization of $865.93M and its 3Y-monthly beta is at 1.82. PE ratio of stock for trailing 12 months is 63.09, while it has posted earnings per share of $0.84 in the same period. Its PEG reads 2.67 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMWD, volatility over the week remained 2.89% while standing at 3.77% over the month.
Analysts are in expectations that American Woodmark Corporation (AMWD) stock would likely to be making an EPS of $1.91 in the current quarter, while forecast for next quarter EPS is $1.55 and it is $5.99 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.32 which is $2.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.62 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -149.90% while it is estimated to decrease by -17.36% in next year. EPS is likely to grow at an annualized rate of 23.67% for next 5-years, compared to annual growth of -19.30% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the American Woodmark Corporation (AMWD)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 6 Wall Street analysts, 1 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on August 18, 2022 offering a Sell rating for the stock and assigned a target price of $45 to it. Coverage by Loop Capital stated American Woodmark Corporation (AMWD) stock as a Hold in their note to investors on March 23, 2022, suggesting a price target of $59 for the stock. On November 17, 2021, Jefferies Downgrade their recommendations, while on June 22, 2021, Loop Capital Upgrade their ratings for the stock with a price target of $100. Stock get a Peer perform rating from Wolfe Research on March 17, 2021.
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