American Woodmark Corporation $AMWD Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 16.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,785 shares of the company’s stock after selling 15,110 shares during the quarter. Empowered Funds LLC owned about 0.52% of American Woodmark worth $4,045,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AMWD. Pzena Investment Management LLC increased its stake in American Woodmark by 36.6% during the 2nd quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company’s stock worth $61,286,000 after buying an additional 307,657 shares during the period. Millennium Management LLC grew its stake in shares of American Woodmark by 277.0% in the first quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,427 shares in the last quarter. WCM Investment Management LLC increased its position in shares of American Woodmark by 41.8% during the second quarter. WCM Investment Management LLC now owns 236,802 shares of the company’s stock worth $12,595,000 after acquiring an additional 69,779 shares during the period. LSV Asset Management increased its position in shares of American Woodmark by 22.3% during the first quarter. LSV Asset Management now owns 323,962 shares of the company’s stock worth $19,059,000 after acquiring an additional 59,010 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its stake in shares of American Woodmark by 18.5% in the first quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company’s stock valued at $20,996,000 after acquiring an additional 55,711 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 6.8%

AMWD opened at $51.10 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. American Woodmark Corporation has a one year low of $47.15 and a one year high of $103.50. The company has a market cap of $744.48 million, a P/E ratio of 9.14 and a beta of 1.22. The business’s 50-day simple moving average is $62.35 and its 200-day simple moving average is $59.67.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) 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 business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share.

Analyst Upgrades and Downgrades

AMWD has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. Robert W. Baird lifted their price objective on American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Woodmark currently has a consensus 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.