SG Americas Securities LLC Cuts Position in American Woodmark Co. (NASDAQ:AMWD)

SG Americas Securities LLC lessened its holdings in American Woodmark Co. (NASDAQ:AMWD) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,788 shares of the company’s stock after selling 429 shares during the period. SG Americas Securities LLC’s holdings in American Woodmark were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of American Woodmark by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,616,710 shares of the company’s stock valued at $122,239,000 after purchasing an additional 34,735 shares in the last quarter. American Century Companies Inc. increased its stake in shares of American Woodmark by 60.7% in the 3rd quarter. American Century Companies Inc. now owns 18,739 shares of the company’s stock valued at $1,417,000 after purchasing an additional 7,076 shares in the last quarter. Graham Capital Management L.P. increased its stake in shares of American Woodmark by 46.3% in the 3rd quarter. Graham Capital Management L.P. now owns 12,258 shares of the company’s stock valued at $927,000 after purchasing an additional 3,882 shares in the last quarter. Comerica Bank purchased a new position in shares of American Woodmark in the 3rd quarter valued at about $638,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of American Woodmark by 21.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,938 shares of the company’s stock valued at $298,000 after purchasing an additional 704 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMWD shares. Robert W. Baird lifted their price objective on American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. StockNews.com cut American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $93.25.

American Woodmark Trading Down 3.5 %

Shares of American Woodmark stock opened at $97.59 on Thursday. The stock has a market cap of $1.55 billion, a P/E ratio of 13.46 and a beta of 1.73. The stock’s 50 day simple moving average is $96.58 and its 200-day simple moving average is $86.51. American Woodmark Co. has a 1-year low of $47.98 and a 1-year high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.53. The business had revenue of $422.10 million for the quarter, compared to analysts’ expectations of $394.56 million. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Analysts predict that American Woodmark Co. will post 8.6 EPS for the current fiscal year.

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.