Illinois Municipal Retirement Fund Cuts Stake in American Woodmark Corporation (NASDAQ:AMWD)

Illinois Municipal Retirement Fund decreased its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 6.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,327 shares of the company’s stock after selling 598 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in American Woodmark were worth $490,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its holdings in American Woodmark by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company’s stock valued at $586,000 after buying an additional 185 shares during the period. GAMMA Investing LLC raised its holdings in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after buying an additional 197 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in American Woodmark by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock valued at $1,227,000 after buying an additional 200 shares during the period. Quarry LP raised its holdings in American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after buying an additional 259 shares during the period. Finally, Vident Advisory LLC raised its holdings in American Woodmark by 4.6% in the fourth quarter. Vident Advisory LLC now owns 6,398 shares of the company’s stock valued at $509,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 0.2%

Shares of NASDAQ:AMWD opened at $56.57 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a 52-week low of $50.00 and a 52-week high of $106.57. The company has a 50 day moving average of $56.33 and a two-hundred day moving average of $64.82. The company has a market capitalization of $820.27 million, a price-to-earnings ratio of 8.73 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The company had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. During the same quarter last year, the company earned $1.70 earnings per share. American Woodmark’s revenue for the quarter was down 11.7% on a year-over-year basis.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zelman & Associates restated an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Wall Street Zen lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Robert W. Baird lowered their price objective on shares of American Woodmark from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Finally, Loop Capital lowered their price objective on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.33.

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.