GAMMA Investing LLC Boosts Stock Position in American Woodmark Co. (NASDAQ:AMWD)

GAMMA Investing LLC boosted its position in American Woodmark Co. (NASDAQ:AMWD) by 7,721.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,770 shares of the company’s stock after purchasing an additional 46,172 shares during the quarter. GAMMA Investing LLC owned about 0.32% of American Woodmark worth $2,751,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its stake in shares of American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after buying an additional 259 shares during the period. Sterling Capital Management LLC increased its stake in American Woodmark by 842.0% in the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after buying an additional 421 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in American Woodmark in the 4th quarter valued at approximately $43,000. KLP Kapitalforvaltning AS purchased a new stake in shares of American Woodmark during the 4th quarter worth $239,000. Finally, EP Wealth Advisors LLC raised its holdings in American Woodmark by 16.6% during the fourth quarter. EP Wealth Advisors LLC now owns 3,114 shares of the company’s stock worth $248,000 after purchasing an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Up 0.0%

NASDAQ AMWD opened at $55.24 on Friday. The stock has a fifty day moving average of $57.42 and a 200-day moving average of $68.81. The stock has a market capitalization of $819.49 million, a P/E ratio of 8.26 and a beta of 1.25. American Woodmark Co. has a 52 week low of $52.20 and a 52 week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $400.39 million for the quarter, compared to the consensus estimate of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zelman & Associates reaffirmed an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. Wall Street Zen cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Robert W. Baird reduced their price objective on American Woodmark from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Finally, Loop Capital dropped their target price on American Woodmark from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.33.

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.