Grace & White Inc. NY trimmed its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD – Free Report) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,395 shares of the company’s stock after selling 1,250 shares during the period. American Woodmark makes up 1.0% of Grace & White Inc. NY’s investment portfolio, making the stock its 29th largest holding. Grace & White Inc. NY owned about 0.70% of American Woodmark worth $5,411,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pzena Investment Management LLC boosted its holdings in shares of American Woodmark by 71.7% during the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company’s stock worth $49,457,000 after buying an additional 351,157 shares in the last quarter. Systematic Financial Management LP raised its position in shares of American Woodmark by 6.6% during the first quarter. Systematic Financial Management LP now owns 364,929 shares of the company’s stock worth $21,469,000 after purchasing an additional 22,477 shares during the period. Paradigm Capital Management Inc. NY raised its position in shares of American Woodmark by 18.5% during the first quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company’s stock worth $20,996,000 after purchasing an additional 55,711 shares during the period. LSV Asset Management raised 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 purchasing an additional 59,010 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of American Woodmark by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 308,591 shares of the company’s stock worth $18,154,000 after purchasing an additional 4,009 shares during the period. 95.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AMWD has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday. Robert W. Baird upped their target price on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $70.00.
American Woodmark Trading Down 3.6%
NASDAQ AMWD opened at $64.39 on Friday. The firm has a market capitalization of $938.16 million, a P/E ratio of 11.52 and a beta of 1.19. The business has a fifty day simple moving average of $65.22 and a 200 day simple moving average of $59.31. American Woodmark Corporation has a 12 month low of $50.00 and a 12 month high of $104.28. The company has a current ratio of 2.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.
American Woodmark (NASDAQ:AMWD – Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). The company had revenue of $403.05 million during the quarter, compared to analysts’ expectations of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share.
American Woodmark 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.
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