Balyasny Asset Management L.P. Reduces Holdings in American Woodmark Co. (NASDAQ:AMWD)

Balyasny Asset Management L.P. trimmed its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 91.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,914 shares of the company's stock after selling 54,802 shares during the period. Balyasny Asset Management L.P.'s holdings in American Woodmark were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMWD. Quarry LP raised its holdings in American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after acquiring an additional 421 shares in the last quarter. KBC Group NV lifted its position in American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company's stock valued at $68,000 after acquiring an additional 352 shares during the last quarter. R Squared Ltd acquired a new stake in American Woodmark in the fourth quarter valued at approximately $87,000. Finally, KLP Kapitalforvaltning AS purchased a new position in American Woodmark in the fourth quarter worth $239,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

Shares of AMWD stock traded down $0.50 during mid-day trading on Thursday, reaching $57.00. The stock had a trading volume of 7,308 shares, compared to its average volume of 170,581. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57. The firm has a market cap of $845.52 million, a price-to-earnings ratio of 8.49 and a beta of 1.34. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The business's fifty day moving average is $58.48 and its 200-day moving average is $73.09.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). The business had revenue of $397.58 million for the quarter, compared to analysts' expectations of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMWD shares. Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. StockNews.com lowered shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday. Loop Capital lowered their target price on shares of American Woodmark from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Wolfe Research lowered shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, American Woodmark has an average rating of "Hold" and an average price target of $101.00.

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.