Alliancebernstein L.P. Sells 2,100 Shares of American Woodmark Co. (NASDAQ:AMWD)

Alliancebernstein L.P. reduced its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,078 shares of the company’s stock after selling 2,100 shares during the period. Alliancebernstein L.P.’s holdings in American Woodmark were worth $4,539,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock worth $20,474,000 after buying an additional 242,030 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after purchasing an additional 72,600 shares in the last quarter. Norges Bank bought a new position in shares of American Woodmark in the fourth quarter worth approximately $5,675,000. First Eagle Investment Management LLC raised its stake in American Woodmark by 214.8% in the fourth quarter. First Eagle Investment Management LLC now owns 82,800 shares of the company’s stock valued at $6,585,000 after purchasing an additional 56,500 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in American Woodmark by 483.0% during the fourth quarter. WINTON GROUP Ltd now owns 48,301 shares of the company’s stock valued at $3,841,000 after purchasing an additional 40,016 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Down 0.3 %

AMWD stock opened at $57.98 on Monday. The company has a market capitalization of $860.13 million, a PE ratio of 8.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark Co. has a one year low of $52.20 and a one year high of $106.57. The company’s 50 day moving average price is $64.22 and its two-hundred day moving average price is $79.72.

American Woodmark (NASDAQ:AMWD) last issued 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). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $397.58 million during the quarter, compared to analysts’ expectations of $405.72 million.

Analyst Ratings Changes

Several analysts have recently weighed in on AMWD shares. StockNews.com upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.