Cooke & Bieler LP decreased its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 892,201 shares of the company's stock after selling 7,365 shares during the period. Cooke & Bieler LP owned about 6.01% of American Woodmark worth $52,488,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of American Woodmark by 266.0% in the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock worth $29,616,000 after acquiring an additional 270,644 shares during the last quarter. Systematic Financial Management LP lifted its holdings in American Woodmark by 3.6% during the 4th quarter. Systematic Financial Management LP now owns 342,452 shares of the company's stock worth $27,235,000 after buying an additional 11,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Woodmark by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock worth $24,223,000 after buying an additional 7,870 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in American Woodmark during the 4th quarter worth approximately $23,954,000. Finally, Victory Capital Management Inc. lifted its holdings in American Woodmark by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 289,867 shares of the company's stock worth $17,053,000 after buying an additional 32,427 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Wall Street Analyst Weigh In
AMWD has been the topic of a number of research reports. Robert W. Baird reduced their target price 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. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Wall Street Zen lowered shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Loop Capital reduced their price objective on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $83.33.
Get Our Latest Research Report on American Woodmark
American Woodmark Stock Performance
American Woodmark stock traded down $1.40 during midday trading on Friday, hitting $52.45. 155,088 shares of the company's stock were exchanged, compared to its average volume of 169,161. American Woodmark Corporation has a 12-month low of $50.00 and a 12-month 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 stock has a market cap of $760.53 million, a price-to-earnings ratio of 8.09 and a beta of 1.21. The firm's 50 day simple moving average is $55.64 and its 200 day simple moving average is $63.03.
American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The company had revenue of $400.39 million for the quarter, compared to the consensus estimate of $427.39 million. During the same period last year, the firm posted $1.70 EPS. American Woodmark's revenue for the quarter was down 11.7% on a year-over-year basis.
About American Woodmark
(
Free Report)
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.
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