GAMMA Investing LLC Acquires 197 Shares of American Woodmark Corporation (NASDAQ:AMWD)

GAMMA Investing LLC raised its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 32.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 795 shares of the company’s stock after acquiring an additional 197 shares during the period. GAMMA Investing LLC’s holdings in American Woodmark were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Hawaiian Bank grew its holdings in shares of American Woodmark by 77.0% during the first quarter. First Hawaiian Bank now owns 10,566 shares of the company’s stock worth $622,000 after purchasing an additional 4,595 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American Woodmark during the fourth quarter worth about $4,011,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of American Woodmark during the fourth quarter worth about $1,129,000. Public Employees Retirement System of Ohio bought a new stake in shares of American Woodmark during the fourth quarter worth about $43,000. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of American Woodmark during the fourth quarter worth about $23,954,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

American Woodmark stock opened at $56.75 on Thursday. The stock’s 50 day moving average is $56.11 and its 200 day moving average is $64.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. The firm has a market cap of $822.88 million, a P/E ratio of 8.76 and a beta of 1.21. American Woodmark Corporation has a one year low of $50.00 and a one year high of $106.57.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. American Woodmark had a return on equity of 11.09% and a net margin of 5.82%. The company had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same period in the previous year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was down 11.7% on a year-over-year basis.

Wall Street Analysts Forecast Growth

AMWD has been the topic of several research reports. Loop Capital reduced their price target on American Woodmark from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Robert W. Baird reduced their price target on American Woodmark from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, May 28th. Zelman & Associates reaffirmed an “underperform” rating on shares of American Woodmark in a research note on Monday, April 14th. Finally, Wall Street Zen lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.