Vanguard Group Inc. Cuts Holdings in American Woodmark Co. (NASDAQ:AMWD)

Vanguard Group Inc. reduced its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,646,217 shares of the company’s stock after selling 27,352 shares during the quarter. Vanguard Group Inc. owned 10.94% of American Woodmark worth $130,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after purchasing an additional 377 shares in the last quarter. KBC Group NV raised its stake in shares of American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares during the period. R Squared Ltd purchased a new position in shares of American Woodmark during the 4th quarter valued at approximately $87,000. KLP Kapitalforvaltning AS acquired a new stake in American Woodmark in the 4th quarter valued at $239,000. Finally, EP Wealth Advisors LLC purchased a new stake in American Woodmark in the 3rd quarter worth $250,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Price Performance

Shares of AMWD stock opened at $55.73 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market capitalization of $826.75 million, a PE ratio of 8.33 and a beta of 1.31. The firm’s 50-day moving average is $66.75 and its two-hundred day moving average is $81.12. American Woodmark Co. has a 12 month low of $52.38 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.27). The firm had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Analyst Ratings Changes

Several research firms have issued reports on AMWD. Wolfe Research downgraded shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. StockNews.com raised shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, American Woodmark presently has a consensus rating of “Hold” and an average price target of $114.00.

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.