Cooke & Bieler LP Cuts Holdings in American Woodmark Corporation (NASDAQ:AMWD)

Cooke & Bieler LP lessened its stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 892,201 shares of the company's stock after selling 7,365 shares during the period. Cooke & Bieler LP owned 6.01% of American Woodmark worth $52,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in shares of 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 purchasing an additional 32,427 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in American Woodmark by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,093 shares of the company's stock valued at $1,006,000 after acquiring an additional 832 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in American Woodmark by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock valued at $586,000 after acquiring an additional 185 shares during the last quarter. GAMMA Investing LLC raised its holdings in American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after acquiring an additional 197 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in American Woodmark by 77.0% in the 1st quarter. First Hawaiian Bank now owns 10,566 shares of the company's stock valued at $622,000 after acquiring an additional 4,595 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

American Woodmark Trading Down 2.6%

Shares of NASDAQ:AMWD traded down $1.40 during mid-day trading on Friday, reaching $52.45. 155,088 shares of the company were exchanged, compared to its average volume of 169,310. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. The firm 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 $55.52 and its 200 day simple moving average is $62.62. American Woodmark Corporation has a 1 year low of $50.00 and a 1 year high of $106.57.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data 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. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The firm had revenue of $400.39 million during the quarter, compared to analysts' expectations of $427.39 million. During the same quarter last year, the company posted $1.70 EPS. The firm's quarterly revenue was down 11.7% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Loop Capital cut their price objective on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Finally, Robert W. Baird cut their price target on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Two equities 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.33.

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.