WCM Investment Management LLC Sells 11,072 Shares of American Woodmark Corporation (NASDAQ:AMWD)

WCM Investment Management LLC lowered its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,023 shares of the company's stock after selling 11,072 shares during the period. WCM Investment Management LLC owned about 1.13% of American Woodmark worth $9,879,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMWD. Quarry LP grew its stake in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after purchasing an additional 259 shares during the period. Sterling Capital Management LLC increased its holdings in American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock valued at $37,000 after buying an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in American Woodmark in the fourth quarter worth approximately $43,000. GAMMA Investing LLC boosted its stake in shares of American Woodmark by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after acquiring an additional 197 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of American Woodmark during the 4th quarter valued at $239,000. Institutional investors own 95.47% of the company's stock.

American Woodmark Price Performance

American Woodmark stock traded down $0.11 during mid-day trading on Thursday, hitting $56.57. The stock had a trading volume of 69,884 shares, compared to its average volume of 170,757. American Woodmark Corporation has a one year low of $50.00 and a one year high of $106.57. The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $820.27 million, a P/E ratio of 8.73 and a beta of 1.21. The firm's 50 day moving average is $56.33 and its 200 day moving average is $64.82.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $400.39 million for 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 business's revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share.

Analyst Ratings Changes

AMWD has been the topic of a number of recent research reports. Loop Capital decreased their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Finally, Robert W. Baird reduced their target price on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, American Woodmark 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.