Vanguard Group Inc. Raises Position in American Woodmark Co. (NASDAQ:AMWD)

Vanguard Group Inc. increased its holdings in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,616,710 shares of the company's stock after acquiring an additional 34,735 shares during the period. Vanguard Group Inc. owned about 9.85% of American Woodmark worth $122,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMWD. Creative Planning bought a new stake in shares of American Woodmark during the third quarter valued at approximately $26,000. Tower Research Capital LLC TRC boosted its position in American Woodmark by 72.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 492 shares of the company's stock valued at $26,000 after buying an additional 207 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of American Woodmark in the 3rd quarter valued at $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of American Woodmark during the third quarter worth $42,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of American Woodmark during the second quarter valued at $46,000. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Trading Down 1.5 %

Shares of NASDAQ:AMWD traded down $1.51 during mid-day trading on Thursday, reaching $99.80. The stock had a trading volume of 106,017 shares, compared to its average volume of 111,790. The firm has a 50 day simple moving average of $95.99 and a two-hundred day simple moving average of $85.68. American Woodmark Co. has a twelve month low of $47.98 and a twelve month high of $104.28. The firm has a market cap of $1.58 billion, a PE ratio of 13.77 and a beta of 1.73. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMWD. StockNews.com lowered American Woodmark from a "buy" rating to a "hold" rating in a research report on Saturday, March 9th. Robert W. Baird increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of American Woodmark from a "sell" rating to a "hold" rating and raised their price objective for the company from $57.00 to $88.00 in a research note on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $93.25.

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.