Hennessy Advisors Inc. decreased its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,700 shares of the company's stock after selling 10,400 shares during the period. Hennessy Advisors Inc. owned about 0.61% of American Woodmark worth $5,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its holdings in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC increased 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 worth $37,000 after purchasing an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of American Woodmark during the 4th quarter valued at $43,000. GAMMA Investing LLC lifted its stake in shares of American Woodmark by 32.9% during the 1st 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. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of American Woodmark during the 4th quarter valued at $239,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
American Woodmark Price Performance
AMWD stock traded down $0.21 during mid-day trading on Wednesday, hitting $50.28. The company had a trading volume of 91,187 shares, compared to its average volume of 169,281. The company has a 50-day moving average price of $57.21 and a 200 day moving average price of $67.54. American Woodmark Corporation has a 12-month low of $50.21 and a 12-month high of $106.57. The company has a market capitalization of $746.18 million, a price-to-earnings ratio of 7.76 and a beta of 1.25. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40.
American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. American Woodmark had a return on equity of 11.09% and a net margin of 5.82%. The company had revenue of $400.39 million for the quarter, compared to the consensus estimate of $427.39 million. During the same period in the previous year, the business earned $1.70 earnings per share. The firm's revenue for the quarter was down 11.7% on a year-over-year basis.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on AMWD shares. Robert W. Baird cut their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen lowered American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Loop Capital cut their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $83.33.
Read Our Latest Stock Analysis on American Woodmark
About American Woodmark
(
Free Report)
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.
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