Geode Capital Management LLC Decreases Holdings in American Woodmark Co. (NASDAQ:AMWD)

Geode Capital Management LLC decreased its holdings in American Woodmark Co. (NASDAQ:AMWD) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 367,398 shares of the company’s stock after selling 4,350 shares during the period. Geode Capital Management LLC’s holdings in American Woodmark were worth $29,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMWD. KBC Group NV lifted its position in American Woodmark by 69.6% in the fourth 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. GAMMA Investing LLC increased its stake in shares of American Woodmark by 170.6% in 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 period. Sei Investments Co. raised its holdings in American Woodmark by 9.6% during the 4th quarter. Sei Investments Co. now owns 8,834 shares of the company’s stock valued at $703,000 after buying an additional 772 shares during the last quarter. Rhumbline Advisers boosted its position in American Woodmark by 2.0% during the 4th quarter. Rhumbline Advisers now owns 49,008 shares of the company’s stock valued at $3,898,000 after buying an additional 941 shares during the period. Finally, R Squared Ltd bought a new stake in American Woodmark in the 4th quarter worth $87,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMWD. Zelman & Associates reaffirmed an “underperform” rating on shares of American Woodmark in a research note on Monday. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded American Woodmark from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.00.

American Woodmark Trading Up 3.0 %

NASDAQ:AMWD opened at $56.31 on Friday. The company has a 50-day moving average price of $62.54 and a 200-day moving average price of $78.87. The stock has a market cap of $835.36 million, a price-to-earnings ratio of 8.42 and a beta of 1.31. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 12 month low of $52.20 and a 12 month high of $106.57.

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

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.