Goldman Sachs Group Inc. Has $4.66 Million Stock Position in American Woodmark Corporation $AMWD

Key Points

• Goldman Sachs Group Inc. reduced its stake in American Woodmark Corporation by 6.5% in Q1, selling 5,479 shares and now owning approximately 79,224 shares worth $4.66 million.
• American Woodmark reported a decline in earnings with $1.01 EPS, missing estimates, and revenue down 12.2% year-over-year.
• Wall Street analysts have mixed ratings on AMWD, with one downgrade and varied price targets, currently averaging a “Hold” rating with a target of $70.00.

Goldman Sachs Group Inc. trimmed its position in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,224 shares of the company's stock after selling 5,479 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.53% of American Woodmark worth $4,661,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMWD. Pzena Investment Management LLC grew its position in shares of American Woodmark by 71.7% during the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock worth $49,457,000 after buying an additional 351,157 shares during the period. Paradigm Capital Management Inc. NY bought a new stake in American Woodmark in the 4th quarter valued at approximately $23,954,000. Millennium Management LLC lifted 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 valued at $11,805,000 after acquiring an additional 147,427 shares in the last quarter. LSV Asset Management lifted its stake in American Woodmark by 22.3% in the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock valued at $19,059,000 after acquiring an additional 59,010 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Woodmark in the 4th quarter valued at approximately $4,011,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Stock Performance

AMWD traded down $1.78 during trading hours on Friday, reaching $66.35. The company's stock had a trading volume of 494,837 shares, compared to its average volume of 199,690. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $104.28. The company's 50-day moving average is $61.49 and its 200-day moving average is $58.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. The firm has a market cap of $966.72 million, a PE ratio of 11.87 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share 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 business had revenue of $403.05 million during the quarter, compared to the consensus estimate of $420.64 million. During the same quarter last year, the company posted $1.89 EPS. The firm's revenue was down 12.2% on a year-over-year basis.

Analysts Set New Price Targets

Several equities research analysts have commented on AMWD shares. Robert W. Baird boosted their target price on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Loop Capital dropped their price objective on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Woodmark presently has an average rating of "Hold" and an average 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.