UBS Group AG Has $3.03 Million Stock Position in American Woodmark Corporation $AMWD

UBS Group AG reduced its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 44.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 56,156 shares of the company’s stock after selling 45,716 shares during the period. UBS Group AG’s holdings in American Woodmark were worth $3,027,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versor Investments LP acquired a new stake in shares of American Woodmark during the 3rd quarter worth $3,430,000. Cooke & Bieler LP grew 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 purchasing an additional 32,832 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of American Woodmark during the 3rd quarter worth $2,952,000. Credit Industriel ET Commercial acquired a new stake in shares of American Woodmark during the 3rd quarter worth $2,670,000. Finally, Grace & White Inc. NY grew its holdings in shares of American Woodmark by 39.7% during the 4th quarter. Grace & White Inc. NY now owns 92,532 shares of the company’s stock worth $4,987,000 after purchasing an additional 26,300 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $38.90 on Tuesday. The stock’s 50-day simple moving average is $40.12 and its 200 day simple moving average is $50.17. The firm has a market capitalization of $566.77 million, a PE ratio of 33.53 and a beta of 1.34. 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 Corporation has a twelve month low of $33.29 and a twelve month high of $72.15.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.34. The business 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%.American Woodmark’s revenue was down 18.4% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share.

Analysts Set New Price Targets

AMWD has been the topic of several research analyst reports. Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective on the stock in a research note on Friday, February 27th. Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Robert W. Baird reduced their price objective on American Woodmark from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised American Woodmark to a “sell” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.67.

American Woodmark 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.