Hennessy Advisors Inc. Cuts Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Hennessy Advisors Inc. trimmed its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,700 shares of the company's stock after selling 10,400 shares during the quarter. Hennessy Advisors Inc. owned 0.61% of American Woodmark worth $5,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its stake in shares of American Woodmark by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock valued at $586,000 after purchasing an additional 185 shares during the period. GAMMA Investing LLC raised its holdings in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. First Hawaiian Bank raised its holdings in American Woodmark by 77.0% in the first quarter. First Hawaiian Bank now owns 10,566 shares of the company's stock worth $622,000 after purchasing an additional 4,595 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American Woodmark during the fourth quarter valued at about $4,011,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of American Woodmark during the fourth quarter valued at about $1,129,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMWD has been the topic of a number of recent research reports. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Robert W. Baird cut their price objective on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Wall Street Zen cut shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Loop Capital lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $83.33.

American Woodmark Stock Down 4.2%

Shares of American Woodmark stock opened at $52.91 on Friday. American Woodmark Co. has a 52-week low of $52.20 and a 52-week high of $106.57. The company has a 50 day moving average of $57.40 and a 200 day moving average of $68.23. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $784.92 million, a P/E ratio of 7.91 and a beta of 1.25.

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

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