Cubist Systematic Strategies LLC Trims Stake in American Woodmark Corporation $AMWD

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in American Woodmark Corporation by 69.3%, holding 6,254 shares valued at $368,000 after selling 14,140 shares in the first quarter.
• Other institutional investors showed mixed trends, with LSV Asset Management increasing its position by 22.3% and GAMMA Investing LLC growing its stake by an impressive 7,721.1%.
• American Woodmark's recent earnings report showed a 12.2% decrease in revenue year-over-year, with last quarter earnings per share of $1.01, falling short of analyst estimates.

Cubist Systematic Strategies LLC decreased its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 69.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,254 shares of the company's stock after selling 14,140 shares during the quarter. Cubist Systematic Strategies LLC's holdings in American Woodmark were worth $368,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Graham Capital Management L.P. lifted its position in shares of American Woodmark by 62.4% in the first quarter. Graham Capital Management L.P. now owns 9,078 shares of the company's stock valued at $534,000 after acquiring an additional 3,487 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in American Woodmark by 18.5% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company's stock worth $20,996,000 after purchasing an additional 55,711 shares in the last quarter. Vident Advisory LLC lifted its holdings in American Woodmark by 19.2% in the 1st quarter. Vident Advisory LLC now owns 7,627 shares of the company's stock worth $449,000 after purchasing an additional 1,229 shares in the last quarter. State of Wyoming purchased a new position in shares of American Woodmark in the first quarter worth $172,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of American Woodmark in the first quarter worth $625,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

AMWD has been the topic of several research analyst reports. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird boosted their price target on shares of American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, Loop Capital decreased their price target on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.00.

American Woodmark Price Performance

Shares of NASDAQ AMWD traded down $1.63 during mid-day trading on Wednesday, hitting $67.61. 259,136 shares of the company's stock traded hands, compared to its average volume of 186,340. The company's 50-day moving average is $61.09 and its two-hundred day moving average is $58.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.05. The company has a market capitalization of $985.08 million, a P/E ratio of 12.09 and a beta of 1.21. American Woodmark Corporation has a 1 year low of $50.00 and a 1 year high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The company had revenue of $403.05 million for the quarter, compared to analysts' expectations of $420.64 million. During the same quarter last year, the company earned $1.89 earnings per share. The company's revenue for the quarter was down 12.2% on a year-over-year basis.

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.