Deutsche Bank AG cut its stake in American Woodmark Co. (NASDAQ:AMWD) by 70.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,571 shares of the company’s stock after selling 39,141 shares during the quarter. Deutsche Bank AG’s holdings in American Woodmark were worth $921,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in AMWD. Bank of Montreal Can increased its position in shares of American Woodmark by 36.8% during the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock worth $63,000 after acquiring an additional 306 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of American Woodmark by 347.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock worth $247,000 after acquiring an additional 3,442 shares during the last quarter. Pitcairn Co. purchased a new stake in shares of American Woodmark during the fourth quarter worth about $272,000. Blueshift Asset Management LLC purchased a new stake in shares of American Woodmark during the fourth quarter worth about $307,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of American Woodmark during the fourth quarter worth about $325,000. 93.19% of the stock is currently owned by institutional investors.
Shares of American Woodmark stock opened at $90.32 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.05 and a quick ratio of 1.24. The stock has a market capitalization of $1.49 billion, a P/E ratio of 17.24, a PEG ratio of 1.26 and a beta of 2.30. American Woodmark Co. has a fifty-two week low of $53.35 and a fifty-two week high of $108.20.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.10. The firm had revenue of $384.00 million during the quarter, compared to analyst estimates of $387.66 million. American Woodmark had a return on equity of 19.40% and a net margin of 4.91%. American Woodmark’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. Equities research analysts anticipate that American Woodmark Co. will post 6.93 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AMWD. BidaskClub raised American Woodmark from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered American Woodmark from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. ValuEngine raised American Woodmark from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Sidoti assumed coverage on American Woodmark in a research report on Tuesday, February 19th. They set a “buy” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.80.
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American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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