JPMorgan Chase & Co. Raises Stake in American Woodmark Co. (NASDAQ:AMWD)

JPMorgan Chase & Co. raised its holdings in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,875 shares of the company's stock after acquiring an additional 17,412 shares during the quarter. JPMorgan Chase & Co. owned about 0.42% of American Woodmark worth $5,080,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AMWD. GAMMA Investing LLC raised its holdings in American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company's stock worth $48,000 after purchasing an additional 377 shares during the period. KBC Group NV raised its holdings in American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares during the period. R Squared Ltd acquired a new stake in American Woodmark in the fourth quarter worth $87,000. KLP Kapitalforvaltning AS acquired a new stake in American Woodmark in the fourth quarter worth $239,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in American Woodmark in the third quarter worth $266,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Up 1.5 %

NASDAQ:AMWD traded up $0.84 on Thursday, reaching $56.95. 14,612 shares of the stock traded hands, compared to its average volume of 167,985. The firm has a market capitalization of $844.85 million, a price-to-earnings ratio of 8.49 and a beta of 1.31. The company's 50 day moving average is $60.83 and its 200-day moving average is $77.84. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 1-year low of $52.20 and a 1-year high of $106.57.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMWD shares. StockNews.com lowered shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Tuesday. Wolfe Research cut American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Finally, Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $114.00.

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.