Vanguard Group Inc. Has $92.80 Million Holdings in American Woodmark Corporation $AMWD

Key Points

• Vanguard Group Inc. has reduced its stake in American Woodmark Corporation by 4.2%, now owning approximately 1.58 million shares valued at about $92.8 million.
• Several institutional investors, including SummerHaven Investment Management and PNC Financial Services, have recently increased their holdings in American Woodmark, showcasing continued interest despite Vanguard's sell-off.
• Analysts have mixed views on American Woodmark's stock, with a recent downgrade to a "sell" rating from Wall Street Zen, while the average consensus remains a "hold" rating with a target price of $70.00.

Vanguard Group Inc. cut its stake in American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,577,338 shares of the company's stock after selling 68,879 shares during the period. Vanguard Group Inc. owned 10.63% of American Woodmark worth $92,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of American Woodmark by 22.3% in the first quarter. LSV Asset Management now owns 323,962 shares of the company's stock worth $19,059,000 after acquiring an additional 59,010 shares during the last quarter. Atlas FRM LLC bought a new position in shares of American Woodmark in the fourth quarter worth about $9,066,000. GAMMA Investing LLC raised its stake in shares of American Woodmark by 7,721.1% in the first quarter. GAMMA Investing LLC now owns 46,770 shares of the company's stock worth $2,751,000 after acquiring an additional 46,172 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of American Woodmark during the 4th quarter worth approximately $1,129,000. Finally, Deutsche Bank AG grew its position in shares of American Woodmark by 49.2% during the 4th quarter. Deutsche Bank AG now owns 12,608 shares of the company's stock worth $1,003,000 after buying an additional 4,160 shares during the period. 95.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AMWD. Loop Capital lowered their price target on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Robert W. Baird lifted their price target on shares of 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 cut shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. 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. According to data from MarketBeat.com, American Woodmark currently has a consensus rating of "Hold" and a consensus price target of $70.00.

American Woodmark Trading Down 2.2%

NASDAQ AMWD traded down $1.46 during trading on Thursday, reaching $65.01. 149,184 shares of the stock traded hands, compared to its average volume of 300,174. The firm has a market cap of $947.20 million, a price-to-earnings ratio of 11.63 and a beta of 1.20. The stock's 50-day moving average price is $57.56 and its 200 day moving average price is $59.09. The company has a quick ratio of 1.02, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a fifty-two week low of $50.00 and a fifty-two week high of $104.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued 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). The firm had revenue of $403.05 million for the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The firm's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS.

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.