Point72 Asset Management L.P. Decreases Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Point72 Asset Management L.P. trimmed its holdings in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 44.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,900 shares of the company's stock after selling 75,965 shares during the quarter. Point72 Asset Management L.P. owned about 0.63% of American Woodmark worth $7,547,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Quarry LP raised its position in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after buying an additional 259 shares during the period. Sterling Capital Management LLC raised its position in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock valued at $37,000 after buying an additional 421 shares during the period. KBC Group NV raised its position in shares of American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company's stock valued at $68,000 after buying an additional 352 shares during the period. R Squared Ltd purchased a new stake in shares of American Woodmark during the 4th quarter valued at approximately $87,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of American Woodmark during the 4th quarter valued at approximately $239,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMWD. Loop Capital cut 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 American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Finally, StockNews.com raised American Woodmark from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $101.00.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $61.01 on Tuesday. The company has a fifty day simple moving average of $58.46 and a two-hundred day simple moving average of $73.29. The company has a market cap of $905.08 million, a price-to-earnings ratio of 9.12 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 52 week low of $52.20 and a 52 week high of $106.57.

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

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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