Invesco Ltd. Sells 3,956 Shares of American Woodmark Corporation $AMWD

Key Points

• Invesco Ltd. has reduced its stake in American Woodmark Corporation by 2.1%, selling 3,956 shares and now owning 183,749 shares valued at approximately $10.81 million.
• Several other institutional investors have shifted their positions, with Headlands Technologies LLC increasing its stake by 74.7% in the first quarter.
• Analysts have mixed views on the stock, with recent ratings showing price target reductions and a general average rating of "Hold" with a target price of $70.00.

Invesco Ltd. lowered its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,749 shares of the company's stock after selling 3,956 shares during the quarter. Invesco Ltd. owned 1.24% of American Woodmark worth $10,810,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMWD. Quarry LP lifted its stake 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of American Woodmark in the fourth quarter valued at approximately $43,000. GAMMA Investing LLC lifted its position in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after acquiring an additional 197 shares in the last quarter. XTX Topco Ltd purchased a new stake in American Woodmark in the first quarter valued at $204,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after buying an additional 193 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. 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 report on Friday, May 30th. Robert W. Baird raised their price target on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, American Woodmark currently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Stock Performance

AMWD stock traded down $1.03 during mid-day trading on Friday, reaching $63.98. 46,527 shares of the stock traded hands, compared to its average volume of 171,122. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $57.56 and a two-hundred day moving average of $59.09. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $104.28. The firm has a market capitalization of $932.19 million, a PE ratio of 11.45 and a beta of 1.20.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) 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 firm 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 firm posted $1.89 EPS. The business's revenue was down 12.2% 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.