American Woodmark Corporation $AMWD Shares Sold by Vanguard Group Inc.

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. lowered its stake in shares of American Woodmark Corporation (NASDAQ:AMWD - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,577,338 shares of the company's stock after selling 68,879 shares during the period. Vanguard Group Inc. owned approximately 10.63% of American Woodmark worth $92,795,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMWD. PNC Financial Services Group Inc. raised its position in shares of American Woodmark by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock worth $234,000 after buying an additional 193 shares during the period. LSV Asset Management lifted its stake in shares of American Woodmark by 22.3% in the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock valued at $19,059,000 after purchasing an additional 59,010 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of American Woodmark in the 1st quarter valued at about $204,000. GSA Capital Partners LLP grew its holdings in shares of American Woodmark by 38.9% during the 1st quarter. GSA Capital Partners LLP now owns 13,884 shares of the company's stock worth $817,000 after purchasing an additional 3,889 shares during the period. Finally, University of Texas Texas AM Investment Management Co. increased its position in American Woodmark by 142.2% during the 1st quarter. University of Texas Texas AM Investment Management Co. now owns 34,384 shares of the company's stock worth $2,023,000 after purchasing an additional 20,189 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird reduced their price target on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Loop Capital decreased 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. Finally, Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.00.

American Woodmark Stock Down 1.5%

Shares of AMWD stock traded down $1.03 during mid-day trading on Wednesday, reaching $66.38. 80,815 shares of the company were exchanged, compared to its average volume of 171,629. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.99. The business's 50 day simple moving average is $56.94 and its 200 day simple moving average is $59.12. The company has a market capitalization of $962.44 million, a P/E ratio of 10.25 and a beta of 1.20. 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 posted its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). The company had revenue of $403.05 million for the quarter, compared to the consensus estimate of $420.64 million. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The company's revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share.

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.