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

WCM Investment Management LLC lowered its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing 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 quarter. WCM Investment Management LLC owned 1.13% of American Woodmark worth $9,879,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP raised its holdings in shares of American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after acquiring an additional 259 shares during the period. Sterling Capital Management LLC grew its position 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 purchasing an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in American Woodmark during the fourth quarter valued at approximately $43,000. GAMMA Investing LLC grew its position in American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in American Woodmark during the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 95.47% of the company's stock.

American Woodmark Stock Down 0.2%

AMWD stock traded down $0.11 during trading hours on Friday, hitting $56.57. The company's stock had a trading volume of 69,884 shares, compared to its average volume of 171,487. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $820.27 million, a PE ratio of 8.73 and a beta of 1.21. American Woodmark Corporation has a 12 month low of $50.00 and a 12 month high of $106.57. The stock has a 50 day moving average price of $56.29 and a two-hundred day moving average price of $64.51.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted 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 company had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMWD shares. Loop Capital lowered their price objective on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Robert W. Baird lowered their price objective on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.