Vanguard Group Inc. Cuts Holdings in American Woodmark Co. (NASDAQ:AMWD)

Vanguard Group Inc. lessened its stake in American Woodmark Co. (NASDAQ:AMWD) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,646,217 shares of the company’s stock after selling 27,352 shares during the quarter. Vanguard Group Inc. owned about 0.11% of American Woodmark worth $130,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in 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 valued at $48,000 after acquiring an additional 377 shares in the last quarter. KBC Group NV increased its position in shares of American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after purchasing an additional 352 shares during the last quarter. R Squared Ltd acquired a new stake in shares of American Woodmark in the 4th quarter valued at $87,000. KLP Kapitalforvaltning AS purchased a new stake in shares of American Woodmark during the 4th quarter worth $239,000. Finally, EP Wealth Advisors LLC purchased a new position in American Woodmark in the third quarter valued at $250,000. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $55.73 on Tuesday. American Woodmark Co. has a 12 month low of $52.38 and a 12 month high of $106.57. The firm has a market capitalization of $826.75 million, a P/E ratio of 8.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company’s fifty day moving average price is $66.75 and its 200 day moving average price is $81.12.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). The firm had revenue of $397.58 million for 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 Analysts Forecast Growth

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