University of Texas Investment Firm Boosts Stake in American Woodmark
The University of Texas Texas AM Investment Management Co. significantly increased its stake in American Woodmark Corporation (NASDAQ: AMWD) by an impressive 142.2% during the first quarter of the year. This move saw the fund acquire an additional 20,189 shares, bringing its total holdings to 34,384 shares, valued at approximately $2,023,000 as of the end of the reporting period.
In addition to the University of Texas investment firm, several other institutional investors have also adjusted their positions in American Woodmark. For instance, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings by 1.3%, owning 51,066 shares valued at $3,004,000 after acquiring an additional 635 shares. Pzena Investment Management LLC took a more aggressive approach, increasing its stake by 71.7% to own 840,674 shares worth $49,457,000 following a purchase of 351,157 shares.
Victory Capital Management Inc. and Janney Montgomery Scott LLC also expanded their investments in American Woodmark, with increases of 12.6% and 5.1%, respectively. This trend indicates a growing confidence among institutional investors in the company’s potential. Notably, hedge funds and institutional investors collectively own 95.47% of American Woodmark’s stock.
Stock Performance and Market Analysis
American Woodmark’s stock opened at $55.90 on Monday. The company’s recent performance indicates volatility, with a 50-day simple moving average of $54.90 and a 200-day simple moving average of $61.80. The firm has a debt-to-equity ratio of 0.40, a current ratio of 1.99, and a quick ratio of 1.02. Over the past year, shares have fluctuated between a low of $50.00 and a high of $106.57. Currently, American Woodmark holds a market capitalization of $810.55 million with a price-to-earnings ratio of 8.63.
Equities analysts have varied opinions on American Woodmark’s future. Robert W. Baird recently lowered their price target from $75.00 to $68.00 while maintaining an “outperform” rating on the stock. In contrast, Wall Street Zen shifted its rating from “hold” to “sell.” Loop Capital also revised its price objective down from $75.00 to $72.00, affirming a “buy” rating.
Despite fluctuations in ratings, analysts maintain a cautious outlook. According to MarketBeat, the stock holds an average rating of “Hold” with an average target price of $83.33. Currently, two analysts have issued sell ratings, one has a hold rating, and two have assigned a buy rating.
About American Woodmark Corporation
American Woodmark Corporation specializes in the manufacturing and distribution of kitchen, bath, office, home organization, and hardware products targeted at the remodeling and new home construction markets in the United States. The company offers both made-to-order and cash-and-carry products and provides turnkey installation services to builders through a network of eight service centers.
For those interested in deeper insights into American Woodmark’s performance, HoldingsChannel.com offers the latest 13F filings and insider trades related to the firm. Additionally, MarketBeat.com provides daily summaries of news and analyst ratings for American Woodmark and similar companies.
