Paradigm Capital Management Inc. NY Buys Shares of 301,189 American Woodmark Co. (NASDAQ:AMWD)

Paradigm Capital Management Inc. NY purchased a new position in American Woodmark Co. (NASDAQ:AMWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 301,189 shares of the company's stock, valued at approximately $23,954,000. American Woodmark comprises about 1.1% of Paradigm Capital Management Inc. NY's holdings, making the stock its 25th biggest position. Paradigm Capital Management Inc. NY owned approximately 2.00% of American Woodmark as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMWD. Charles Schwab Investment Management Inc. lifted its holdings in American Woodmark by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock worth $24,223,000 after acquiring an additional 7,870 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of American Woodmark by 1,570.6% during the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock worth $20,474,000 after purchasing an additional 242,030 shares during the period. Barclays PLC raised its position in shares of American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company's stock worth $2,927,000 after purchasing an additional 22,804 shares during the period. Intech Investment Management LLC lifted its holdings in shares of American Woodmark by 70.5% in the 4th quarter. Intech Investment Management LLC now owns 13,664 shares of the company's stock worth $1,087,000 after purchasing an additional 5,652 shares during the last quarter. Finally, Atlas FRM LLC acquired a new position in American Woodmark during the 4th quarter valued at approximately $9,066,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AMWD. Loop Capital dropped their target price on American Woodmark from $100.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Wolfe Research lowered shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Finally, StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.00.

American Woodmark Stock Down 0.9%

Shares of American Woodmark stock opened at $61.01 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57. The business's fifty day moving average price is $58.46 and its two-hundred day moving average price is $73.29. The company has a market capitalization of $905.08 million, a P/E ratio of 9.12 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). The business had revenue of $397.58 million for the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

American Woodmark Company 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.

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