Vanguard Group Inc. Sells 22,731 Shares of American Woodmark Corporation $AMWD

Vanguard Group Inc. lowered its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,243,857 shares of the company’s stock after selling 22,731 shares during the period. Vanguard Group Inc. owned approximately 0.09% of American Woodmark worth $67,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMWD. Citigroup Inc. boosted its holdings in American Woodmark by 2,117.7% during the third quarter. Citigroup Inc. now owns 400,343 shares of the company’s stock worth $26,727,000 after buying an additional 382,291 shares during the last quarter. Magnetar Financial LLC bought a new position in American Woodmark during the third quarter worth about $20,665,000. AQR Arbitrage LLC bought a new position in shares of American Woodmark during the 3rd quarter valued at about $15,722,000. Stonehill Capital Management LLC lifted its holdings in shares of American Woodmark by 1,065.7% during the 3rd quarter. Stonehill Capital Management LLC now owns 233,139 shares of the company’s stock valued at $15,564,000 after purchasing an additional 213,139 shares in the last quarter. Finally, Alpine Associates Management Inc. bought a new position in shares of American Woodmark during the 3rd quarter valued at about $13,981,000. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMWD shares. Robert W. Baird cut their price objective on American Woodmark from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings cut American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. Zelman & Associates upgraded American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective on the stock in a report on Friday, February 27th. Finally, Wall Street Zen upgraded American Woodmark to a “sell” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.67.

American Woodmark Stock Up 2.6%

NASDAQ:AMWD opened at $36.06 on Friday. The firm has a market capitalization of $525.39 million, a price-to-earnings ratio of 31.09 and a beta of 1.34. American Woodmark Corporation has a twelve month low of $34.31 and a twelve month high of $72.15. The stock’s 50 day moving average price is $40.98 and its two-hundred day moving average price is $51.52. The company has a quick ratio of 1.13, a current ratio of 2.37 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.34. The firm had revenue of $324.30 million for the quarter, compared to analyst estimates of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The business’s quarterly revenue was down 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.