Wellington Management Group LLP Sells 114,296 Shares of American Woodmark Co. (NASDAQ:AMWD)

Wellington Management Group LLP decreased its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 21.3% in the fourth quarter, Holdings Channel reports. The fund owned 423,174 shares of the company’s stock after selling 114,296 shares during the period. Wellington Management Group LLP’s holdings in American Woodmark were worth $33,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its position in shares of American Woodmark by 4.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after purchasing an additional 122 shares during the last quarter. KBC Group NV increased its position in American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares during the period. GAMMA Investing LLC lifted its holdings in shares of American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares during the last quarter. Sei Investments Co. boosted its position in shares of American Woodmark by 9.6% in the fourth quarter. Sei Investments Co. now owns 8,834 shares of the company’s stock valued at $703,000 after acquiring an additional 772 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of American Woodmark by 2.0% in the fourth quarter. Rhumbline Advisers now owns 49,008 shares of the company’s stock worth $3,898,000 after acquiring an additional 941 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Trading Up 3.3 %

Shares of American Woodmark stock opened at $57.40 on Monday. The company’s fifty day moving average price is $67.28 and its two-hundred day moving average price is $81.41. The firm has a market capitalization of $851.53 million, a PE ratio of 8.58 and a beta of 1.31. American Woodmark Co. has a 52-week low of $52.38 and a 52-week high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

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

Wall Street Analyst Weigh In

AMWD has been the subject of a number of research reports. StockNews.com raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.00.

American Woodmark Company 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.