Assenagon Asset Management S.A. Reduces Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Assenagon Asset Management S.A. lessened its holdings in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,366 shares of the company's stock after selling 53,908 shares during the quarter. Assenagon Asset Management S.A. owned about 0.31% of American Woodmark worth $4,676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMWD. Tower Research Capital LLC TRC grew its holdings in American Woodmark by 72.6% in the first quarter. Tower Research Capital LLC TRC now owns 492 shares of the company's stock worth $26,000 after purchasing an additional 207 shares during the period. Creative Planning purchased a new stake in shares of American Woodmark during the third quarter valued at approximately $26,000. Castleview Partners LLC purchased a new stake in shares of American Woodmark during the third quarter valued at approximately $39,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of American Woodmark during the third quarter valued at approximately $42,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of American Woodmark during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Stock Performance

American Woodmark stock traded down $1.65 during midday trading on Monday, reaching $100.01. 57,275 shares of the company traded hands, compared to its average volume of 112,164. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.79 and a beta of 1.73. The business has a 50 day moving average of $95.42 and a two-hundred day moving average of $85.30. American Woodmark Co. has a 12 month low of $47.98 and a 12 month high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.53. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. The business had revenue of $422.10 million for the quarter, compared to the consensus estimate of $394.56 million. During the same period last year, the firm earned $1.46 earnings per share. The company's quarterly revenue was down 12.2% on a year-over-year basis. As a group, research analysts predict that American Woodmark Co. will post 8.72 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AMWD. StockNews.com cut shares of American Woodmark from a "buy" rating to a "hold" rating in a report on Saturday, March 9th. Deutsche Bank Aktiengesellschaft upgraded shares of American Woodmark from a "sell" rating to a "hold" rating and increased their price target for the company from $57.00 to $88.00 in a report on Friday, December 8th. Finally, Robert W. Baird increased their price target on shares of American Woodmark from $120.00 to $122.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $93.25.

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.