American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 68.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,829 shares of the company's stock after selling 34,681 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of American Woodmark worth $1,259,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMWD. Quarry LP increased its position in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after buying an additional 421 shares during the last quarter. KBC Group NV raised its position in shares of American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after buying an additional 352 shares during the period. KLP Kapitalforvaltning AS acquired a new position in American Woodmark in the fourth quarter valued at $239,000. Finally, Headlands Technologies LLC grew its position in American Woodmark by 80.7% during the fourth quarter. Headlands Technologies LLC now owns 3,226 shares of the company's stock valued at $257,000 after acquiring an additional 1,441 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMWD. Loop Capital cut their price objective on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Robert W. Baird cut their price target on shares of 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 cut shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Zelman & Associates reissued 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.33.

American Woodmark Stock Down 0.4%

Shares of AMWD traded down $0.23 during midday trading on Friday, reaching $54.46. 79,919 shares of the company were exchanged, compared to its average volume of 169,126. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57. The stock has a 50-day moving average price of $57.51 and a 200-day moving average price of $69.62. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The company has a market cap of $807.91 million, a price-to-earnings ratio of 8.14 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly 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 firm had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 EPS.

American Woodmark 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.