American Woodmark Co. (NASDAQ:AMWD) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 7,721.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,770 shares of the company's stock after purchasing an additional 46,172 shares during the quarter. GAMMA Investing LLC owned about 0.32% of American Woodmark worth $2,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMWD. Rhumbline Advisers boosted its stake in American Woodmark by 2.0% during the fourth quarter. Rhumbline Advisers now owns 49,008 shares of the company's stock worth $3,898,000 after buying an additional 941 shares during the period. Principal Financial Group Inc. boosted its stake in American Woodmark by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 85,616 shares of the company's stock worth $6,809,000 after buying an additional 2,858 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in American Woodmark by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock worth $24,223,000 after buying an additional 7,870 shares during the period. Victory Capital Management Inc. boosted its stake in American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock worth $20,474,000 after buying an additional 242,030 shares during the period. Finally, Amundi boosted its stake in American Woodmark by 175.2% during the fourth quarter. Amundi now owns 7,552 shares of the company's stock worth $582,000 after buying an additional 4,808 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMWD. Loop Capital lowered their target price on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wall Street Zen cut shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Robert W. Baird reduced their price target on shares of 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, Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $83.33.

American Woodmark Stock Down 1.8%

Shares of AMWD traded down $0.96 during mid-day trading on Monday, hitting $51.95. 195,070 shares of the company's stock were exchanged, compared to its average volume of 169,455. The company has a market cap of $770.68 million, a price-to-earnings ratio of 7.77 and a beta of 1.25. American Woodmark Co. has a fifty-two week low of $50.47 and a fifty-two week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The stock's 50-day moving average is $57.36 and its 200-day moving average is $67.66.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $400.39 million for the quarter, compared to analysts' expectations of $427.39 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share.

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.