First Hawaiian Bank Purchases 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 American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 77.0% during the first quarter, according to the company in its most recent Form 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMWD. SummerHaven Investment Management LLC boosted 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 valued at $586,000 after buying an additional 185 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after buying an additional 193 shares in the last quarter. GAMMA Investing LLC boosted its position in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after buying an additional 197 shares in the last quarter. Vident Advisory LLC boosted its position in American Woodmark by 4.6% in the fourth quarter. Vident Advisory LLC now owns 6,398 shares of the company's stock valued at $509,000 after buying an additional 281 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in American Woodmark by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,861 shares of the company's stock valued at $705,000 after buying an additional 325 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

American Woodmark Stock Performance

Shares of NASDAQ AMWD traded down $1.78 during mid-day trading on Friday, reaching $66.35. 494,837 shares of the company were exchanged, compared to its average volume of 199,690. The company's 50-day simple moving average is $61.49 and its 200-day simple moving average is $58.61. 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 stock has a market capitalization of $966.72 million, a P/E ratio of 11.87 and a beta of 1.21. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.13). American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. During the same quarter last year, the firm earned $1.89 EPS. American Woodmark's revenue for the quarter was down 12.2% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMWD. Loop Capital reduced their price target on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Robert W. Baird upped their target price on shares of American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Woodmark has an average rating of "Hold" and an average price target of $70.00.

American Woodmark Company 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.