Vanguard Group Inc. Has $67.04 Million Stock Holdings in American Woodmark Corporation $AMWD

Vanguard Group Inc. cut its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,243,857 shares of the company’s stock after selling 22,731 shares during the quarter. Vanguard Group Inc. owned approximately 8.54% of American Woodmark worth $67,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of American Woodmark in the third quarter valued at $36,000. Advisory Services Network LLC acquired a new stake in shares of American Woodmark in the third quarter valued at $57,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Woodmark in the second quarter valued at $64,000. PenderFund Capital Management Ltd. bought a new position in American Woodmark in the third quarter valued at about $120,000. Finally, Osaic Holdings Inc. boosted its holdings in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after acquiring an additional 357 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Price Performance

American Woodmark stock opened at $36.06 on Friday. The business’s 50-day simple moving average is $40.98 and its 200 day simple moving average is $51.52. The stock has a market cap of $525.39 million, a price-to-earnings ratio of 31.09 and a beta of 1.34. American Woodmark Corporation has a 12-month low of $34.31 and a 12-month high of $72.15. 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 issued its earnings results on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.34. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The firm had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $358.14 million. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue was down 18.4% compared to the same quarter last year.

Analyst Ratings Changes

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

About American Woodmark

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.