Wells Fargo & Company MN Has $809,000 Stake in American Woodmark Co. (NASDAQ:AMWD)

Wells Fargo & Company MN reduced its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,166 shares of the company's stock after selling 11,016 shares during the period. Wells Fargo & Company MN owned approximately 0.07% of American Woodmark worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Foundry Partners LLC lifted its holdings in shares of American Woodmark by 17.9% during the fourth quarter. Foundry Partners LLC now owns 47,287 shares of the company's stock worth $3,761,000 after buying an additional 7,193 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in American Woodmark in the 4th quarter worth about $1,258,000. Headlands Technologies LLC boosted its holdings in American Woodmark by 80.7% in the 4th quarter. Headlands Technologies LLC now owns 3,226 shares of the company's stock valued at $257,000 after purchasing an additional 1,441 shares during the period. Franklin Resources Inc. grew its position in shares of American Woodmark by 266.0% during the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock worth $29,616,000 after purchasing an additional 270,644 shares in the last quarter. Finally, Norges Bank bought a new position in shares of American Woodmark during the fourth quarter worth approximately $5,675,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMWD has been the subject of several recent research reports. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. StockNews.com downgraded American Woodmark from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Loop Capital decreased their price target on American Woodmark from $100.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Wolfe Research cut shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Woodmark presently has an average rating of "Hold" and a consensus target price of $101.00.

American Woodmark Price Performance

Shares of AMWD stock traded up $1.23 during trading hours on Friday, reaching $60.49. The company's stock had a trading volume of 88,764 shares, compared to its average volume of 169,312. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a fifty-two week low of $52.20 and a fifty-two week high of $106.57. The company has a market capitalization of $897.37 million, a price-to-earnings ratio of 9.04 and a beta of 1.34. The firm's 50 day simple moving average is $58.78 and its 200-day simple moving average is $76.09.

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

American Woodmark 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.