GAMMA Investing LLC Buys 46,172 Shares of American Woodmark Co. (NASDAQ:AMWD)

GAMMA Investing LLC lifted its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 7,721.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,770 shares of the company's stock after acquiring an additional 46,172 shares during the quarter. GAMMA Investing LLC owned about 0.32% of American Woodmark worth $2,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMWD. Quarry LP increased its holdings in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares during the period. Sterling Capital Management LLC raised its stake in shares of American Woodmark by 842.0% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock valued at $37,000 after acquiring an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in American Woodmark in the 4th quarter valued at $43,000. KLP Kapitalforvaltning AS bought a new position in shares of American Woodmark in the fourth quarter valued at about $239,000. Finally, EP Wealth Advisors LLC lifted its position in shares of American Woodmark by 16.6% during the fourth quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company's stock worth $248,000 after purchasing an additional 444 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Loop Capital decreased their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Finally, 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 note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.33.

American Woodmark Stock Down 4.2%

NASDAQ:AMWD traded down $2.33 during trading hours on Friday, reaching $52.91. 139,359 shares of the stock were exchanged, compared to its average volume of 168,787. The stock has a market cap of $784.92 million, a PE ratio of 7.91 and a beta of 1.25. American Woodmark Co. has a twelve month low of $52.20 and a twelve month high of $106.57. The firm has a 50 day moving average of $57.41 and a 200 day moving average of $68.49. 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 announced its earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $400.39 million during the quarter, compared to analysts' expectations of $427.39 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm's revenue was down 11.7% on a year-over-year basis.

About American Woodmark

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.