Vanguard Group Inc. Decreases Stock Position in American Woodmark Corporation $AMWD

Vanguard Group Inc. decreased its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,266,588 shares of the company’s stock after selling 137,757 shares during the period. Vanguard Group Inc. owned approximately 8.69% of American Woodmark worth $84,557,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new position in American Woodmark during the 3rd quarter valued at approximately $3,430,000. Cooke & Bieler LP raised its holdings in shares of American Woodmark by 3.7% during the 3rd quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock worth $62,118,000 after acquiring an additional 32,832 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of American Woodmark during the 3rd quarter valued at approximately $2,670,000. New York Life Investment Management LLC purchased a new position in shares of American Woodmark in the third quarter valued at $2,952,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of American Woodmark in the third quarter valued at $13,981,000. 95.47% of the stock is owned by institutional investors.

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $45.89 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a 12 month low of $45.35 and a 12 month high of $72.15. The company has a market capitalization of $668.62 million, a price-to-earnings ratio of 39.56 and a beta of 1.28. The firm’s 50-day moving average is $58.08 and its 200 day moving average is $60.17.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.34. The business had revenue of $324.30 million during 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 company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Zelman & Associates raised shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. Finally, Robert W. Baird lowered their price target on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.33.

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.