First Hawaiian Bank Acquires 4,595 Shares of American Woodmark Corporation $AMWD

Key Points

• First Hawaiian Bank has increased its stake in American Woodmark Corporation by 77.0% during the first quarter, now owning a total of 10,566 shares valued at approximately $622,000.
• American Woodmark Corporation reported an EPS of $1.01 for the last quarter, missing analysts' expectations of $1.14, and experienced a 12.2% decline in revenue compared to the previous year.
• Research analysts have recently issued mixed evaluations on the stock, with price targets ranging from $64.00 to $75.00 and an overall consensus rating of Hold.

First Hawaiian Bank boosted its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 77.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,566 shares of the company's stock after acquiring an additional 4,595 shares during the quarter. First Hawaiian Bank owned 0.07% of American Woodmark worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Intech Investment Management LLC boosted its stake in shares of American Woodmark by 81.5% during the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company's stock valued at $1,459,000 after purchasing an additional 11,136 shares during the period. Jane Street Group LLC boosted its position in American Woodmark by 132.6% in the 1st quarter. Jane Street Group LLC now owns 50,827 shares of the company's stock valued at $2,990,000 after buying an additional 28,975 shares during the period. Empowered Funds LLC boosted its position in American Woodmark by 2.0% in the 1st quarter. Empowered Funds LLC now owns 90,895 shares of the company's stock valued at $5,347,000 after buying an additional 1,795 shares during the period. Millennium Management LLC grew its stake in American Woodmark by 277.0% in the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company's stock worth $11,805,000 after acquiring an additional 147,427 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of American Woodmark by 1.0% during the first quarter. Bridgeway Capital Management LLC now owns 174,295 shares of the company's stock worth $10,254,000 after acquiring an additional 1,795 shares during the period. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Stock Down 0.2%

Shares of American Woodmark stock opened at $68.32 on Monday. The company has a quick ratio of 1.05, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The company has a market cap of $995.42 million, a P/E ratio of 12.22 and a beta of 1.21. The firm's 50 day moving average price is $60.31 and its 200-day moving average price is $58.32. American Woodmark Corporation has a 52-week low of $50.00 and a 52-week high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The firm had revenue of $403.05 million for the quarter, compared to analysts' expectations of $420.64 million. During the same period in the previous year, the company earned $1.89 EPS. The company's revenue was down 12.2% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Robert W. Baird increased their price objective on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Wall Street Zen cut American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Loop Capital dropped 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $70.00.

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.

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