American Woodmark Corporation $AMWD Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 53.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,739 shares of the company’s stock after selling 2,000 shares during the period. AlphaQuest LLC’s holdings in American Woodmark were worth $102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its position in American Woodmark by 1.9% during the first quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company’s stock worth $586,000 after purchasing an additional 185 shares during the last quarter. PNC Financial Services Group Inc. increased its position in American Woodmark by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $234,000 after purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC increased its position in American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after purchasing an additional 197 shares during the last quarter. Vident Advisory LLC increased its position in American Woodmark by 4.6% during the fourth quarter. Vident Advisory LLC now owns 6,398 shares of the company’s stock worth $509,000 after purchasing an additional 281 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Woodmark by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,861 shares of the company’s stock valued at $705,000 after acquiring an additional 325 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Down 0.6%

Shares of AMWD stock opened at $64.19 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 2.04. The stock has a market capitalization of $935.25 million, a P/E ratio of 11.48 and a beta of 1.21. The company has a 50 day moving average price of $58.32 and a 200 day moving average price of $58.71. American Woodmark Corporation has a fifty-two week low of $50.00 and a fifty-two week high of $104.28.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). The business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Loop Capital dropped their price target 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. Finally, Wall Street Zen cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.00.

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.