Paradigm Capital Management Inc. NY Has $21 Million Position in American Woodmark Corporation $AMWD

Key Points

• Paradigm Capital Management Inc. has increased its stake in American Woodmark Corporation by 18.5% in Q1, now owning 356,900 shares valued at approximately $20.99 million.
• American Woodmark reported $1.01 earnings per share for the recent quarter, falling short of analysts' expectation of $1.14, while its quarterly revenue decreased by 12.2% year-over-year.
• The company has a market cap of $940.78 million and currently has a consensus rating of "Hold" from analysts, with a target price of $70.00.

Paradigm Capital Management Inc. NY lifted its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 18.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,900 shares of the company's stock after purchasing an additional 55,711 shares during the quarter. American Woodmark accounts for about 1.2% of Paradigm Capital Management Inc. NY's portfolio, making the stock its 23rd biggest position. Paradigm Capital Management Inc. NY owned about 2.41% of American Woodmark worth $20,996,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMWD. Quarry LP raised 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 worth $30,000 after purchasing an additional 259 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of American Woodmark during the fourth quarter worth about $43,000. GAMMA Investing LLC grew its holdings in shares of American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock worth $47,000 after buying an additional 197 shares in the last quarter. State of Wyoming bought a new position in shares of American Woodmark during the first quarter worth about $172,000. Finally, XTX Topco Ltd bought a new position in shares of American Woodmark during the first quarter worth about $204,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of research reports. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird increased their price objective on American Woodmark from $64.00 to $68.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Loop Capital decreased their price objective on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, May 30th. Two 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $70.00.

American Woodmark Stock Performance

Shares of AMWD traded down $0.88 during mid-day trading on Wednesday, reaching $63.31. The company's stock had a trading volume of 194,283 shares, compared to its average volume of 294,574. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The stock has a market cap of $922.43 million, a P/E ratio of 11.33 and a beta of 1.21. The business has a 50-day simple moving average of $58.57 and a two-hundred day simple moving average of $58.74. The company has a current ratio of 2.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. During the same period in the previous year, the business earned $1.89 earnings per share. The business's quarterly revenue was down 12.2% on a year-over-year basis.

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.