Stratos Wealth Partners LTD. Takes $284,000 Position in American Woodmark Co. (NASDAQ:AMWD)

Stratos Wealth Partners LTD. bought a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,058 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also recently modified their holdings of the company. Creative Planning bought a new stake in shares of American Woodmark during the 3rd quarter valued at $26,000. Tower Research Capital LLC TRC boosted its stake in American Woodmark by 72.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 492 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Castleview Partners LLC bought a new position in American Woodmark in the 3rd quarter worth about $39,000. DekaBank Deutsche Girozentrale bought a new position in American Woodmark in the 3rd quarter worth about $42,000. Finally, Coppell Advisory Solutions LLC bought a new position in American Woodmark in the 2nd quarter worth about $46,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $94.57 on Tuesday. American Woodmark Co. has a fifty-two week low of $47.98 and a fifty-two week high of $104.28. The business has a 50-day simple moving average of $96.70 and a two-hundred day simple moving average of $86.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 2.14. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.04 and a beta of 1.73.

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 analysts’ consensus estimates of $1.13 by $0.53. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The business had revenue of $422.10 million during the quarter, compared to analyst estimates of $394.56 million. During the same quarter in the previous year, the firm earned $1.46 EPS. American Woodmark’s revenue was down 12.2% on a year-over-year basis. On average, analysts expect that American Woodmark Co. will post 8.6 earnings per share for the current year.

Analyst Ratings Changes

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

About American Woodmark

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.