American Woodmark Corporation (NASDAQ:AMWD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,231 shares of the company's stock after selling 9,219 shares during the period. Bank of New York Mellon Corp owned approximately 0.70% of American Woodmark worth $6,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its position in American Woodmark by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock worth $586,000 after buying an additional 185 shares during the last quarter. GAMMA Investing LLC lifted its stake in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 197 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in American Woodmark by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company's stock worth $1,227,000 after purchasing an additional 200 shares during the last quarter. Quarry LP lifted 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 worth $30,000 after acquiring an additional 259 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of American Woodmark by 4.6% during the fourth quarter. Vident Advisory LLC now owns 6,398 shares of the company's stock valued at $509,000 after acquiring an additional 281 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Robert W. Baird cut their price objective on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Finally, Loop Capital cut their price target on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $83.33.

American Woodmark Price Performance

Shares of NASDAQ:AMWD traded up $0.30 during trading on Friday, reaching $55.90. The stock had a trading volume of 61,294 shares, compared to its average volume of 137,410. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.99. The business has a fifty day moving average price of $54.90 and a 200-day moving average price of $61.91. The stock has a market cap of $810.55 million, a PE ratio of 8.63 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly 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%. American Woodmark's quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share.

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.