Allianz Asset Management GmbH Trims Position in American Woodmark Corporation (NASDAQ:AMWD)

Key Points

• Allianz Asset Management GmbH reduced its holdings in American Woodmark Corporation by 36.8%, selling 60,921 shares and now owning 104,671 shares, valued at approximately $6.16 million.
• Institutional investors dominate the stock ownership of American Woodmark, with 95.47% of shares held by such investors and hedge funds.
• Recent analyst ratings show a consensus of "Hold" with mixed views on price targets, as Wall Street Zen downgraded the company to a "sell" while others maintain "buy" ratings.

Allianz Asset Management GmbH reduced its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,671 shares of the company's stock after selling 60,921 shares during the period. Allianz Asset Management GmbH owned about 0.71% of American Woodmark worth $6,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its position in American Woodmark by 71.7% in the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after buying an additional 351,157 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Woodmark by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 289,867 shares of the company's stock valued at $17,053,000 after purchasing an additional 32,427 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in American Woodmark by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,093 shares of the company's stock worth $1,006,000 after purchasing an additional 832 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of American Woodmark by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock valued at $586,000 after buying an additional 185 shares during the period. Finally, GAMMA Investing LLC grew its stake in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 197 shares during the period. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Price Performance

NASDAQ:AMWD traded down $1.31 during trading hours on Thursday, reaching $52.74. 13,902 shares of the company were exchanged, compared to its average volume of 153,165. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $106.57. The company has a market capitalization of $764.82 million, a P/E ratio of 8.14 and a beta of 1.21. The business has a 50 day moving average of $54.62 and a 200 day moving average of $61.58.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. American Woodmark had a return on equity of 11.09% and a net margin of 5.82%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird lowered their target price on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Finally, Loop Capital reduced their price target on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Woodmark presently has an average rating of "Hold" and an average price target of $83.33.

About American Woodmark

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.