Invesco Ltd. trimmed its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP increased its position in shares of 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 acquiring an additional 259 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of American Woodmark during the fourth quarter valued at approximately $43,000. GAMMA Investing LLC increased its position in shares of American Woodmark by 32.9% during 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 during the last quarter. EP Wealth Advisors LLC increased its position in shares of American Woodmark by 16.6% during the fourth quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company's stock valued at $248,000 after acquiring an additional 444 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in American Woodmark in the first quarter worth $204,000. 95.47% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on AMWD shares. Loop Capital decreased 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. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird raised their target price on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday. 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, the stock currently has an average rating of "Hold" and a consensus price target of $70.00.
Check Out Our Latest Stock Analysis on AMWD
American Woodmark Stock Performance
Shares of NASDAQ AMWD traded down $0.44 during mid-day trading on Friday, hitting $64.57. The company had a trading volume of 115,101 shares, compared to its average volume of 302,275. The company has a market capitalization of $940.78 million, a price-to-earnings ratio of 11.55 and a beta of 1.20. American Woodmark Corporation has a 1 year low of $50.00 and a 1 year high of $104.28. The company has a current ratio of 2.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average price is $57.84 and its 200-day moving average price is $58.89.
American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.13). The company had revenue of $403.05 million during the quarter, compared to analysts' expectations of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. American Woodmark's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share.
American Woodmark Profile
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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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