First Hawaiian Bank Purchases 4,595 Shares of American Woodmark Co. (NASDAQ:AMWD)

First Hawaiian Bank lifted its holdings in shares of American Woodmark Co. (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 and Exchange Commission. The fund owned 10,566 shares of the company's stock after acquiring an additional 4,595 shares during the period. First Hawaiian Bank owned 0.07% of American Woodmark worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMWD. Quarry LP boosted its stake in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after buying an additional 259 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock valued at $37,000 after buying an additional 421 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in American Woodmark during the 4th quarter worth approximately $43,000. KBC Group NV increased its holdings in American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of American Woodmark in the 4th quarter valued at approximately $239,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Trading Up 1.6%

Shares of NASDAQ AMWD traded up $0.89 during midday trading on Wednesday, hitting $55.84. The stock had a trading volume of 206,655 shares, compared to its average volume of 169,233. The company's 50-day simple moving average is $57.74 and its 200 day simple moving average is $70.28. The firm has a market cap of $828.39 million, a P/E ratio of 8.35 and a beta of 1.34. American Woodmark Co. has a fifty-two week low of $52.20 and a fifty-two week high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm's revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wolfe Research lowered American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. 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. Robert W. Baird dropped their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.