American Woodmark Corporation (NASDAQ:AMWD) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 53.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,802 shares of the company's stock after selling 31,837 shares during the period. Assenagon Asset Management S.A. owned approximately 0.19% of American Woodmark worth $1,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMWD. Rhumbline Advisers increased its holdings in American Woodmark by 2.0% in the 4th quarter. Rhumbline Advisers now owns 49,008 shares of the company's stock worth $3,898,000 after acquiring an additional 941 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of American Woodmark by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 85,616 shares of the company's stock valued at $6,809,000 after acquiring an additional 2,858 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in American Woodmark by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock valued at $24,223,000 after buying an additional 7,870 shares during the last quarter. Victory Capital Management Inc. lifted its position in American Woodmark by 1,570.6% in the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock valued at $20,474,000 after buying an additional 242,030 shares during the last quarter. Finally, Amundi lifted its position in American Woodmark by 175.2% in the fourth quarter. Amundi now owns 7,552 shares of the company's stock valued at $582,000 after buying an additional 4,808 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMWD. Robert W. Baird decreased their target price 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. Loop Capital decreased their target price 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. Wall Street Zen cut 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 analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, American Woodmark presently has an average rating of "Hold" and an average price target of $83.33.

American Woodmark Trading Up 1.1%

NASDAQ:AMWD traded up $0.57 on Friday, reaching $50.84. 336,693 shares of the company's stock were exchanged, compared to its average volume of 169,217. 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 firm has a market capitalization of $754.47 million, a price-to-earnings ratio of 7.85 and a beta of 1.25. The business has a fifty day moving average of $56.75 and a 200-day moving average of $66.73. American Woodmark Corporation has a 52-week low of $50.01 and a 52-week high of $106.57.

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

American Woodmark Company 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.