American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 423,174 shares of the company's stock after selling 114,296 shares during the period. Wellington Management Group LLP owned about 2.85% of American Woodmark worth $33,655,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMWD. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of American Woodmark during the fourth quarter worth $4,011,000. University of Texas Texas AM Investment Management Co. acquired a new stake in American Woodmark during the fourth quarter worth about $1,129,000. Public Employees Retirement System of Ohio acquired a new stake in American Woodmark during the fourth quarter worth about $43,000. Paradigm Capital Management Inc. NY purchased a new position in American Woodmark during the fourth quarter worth about $23,954,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Woodmark by 11.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,047 shares of the company's stock valued at $3,264,000 after purchasing an additional 4,307 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMWD shares. Robert W. Baird cut their price target on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Wolfe Research lowered shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Loop Capital decreased their price objective 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. 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 research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.33.

American Woodmark Stock Performance

AMWD traded up $1.91 on Tuesday, reaching $54.95. The company had a trading volume of 174,725 shares, compared to its average volume of 170,091. American Woodmark Co. has a 1 year low of $52.20 and a 1 year high of $106.57. The stock has a market capitalization of $815.18 million, a PE ratio of 8.21 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. The stock has a 50-day moving average price of $57.86 and a 200-day moving average price of $70.39.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $400.39 million during the quarter, compared to analysts' expectations of $427.39 million. During the same period in the previous year, the company earned $1.70 earnings per share. American Woodmark's quarterly revenue was down 11.7% compared to the same quarter last year.

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.