Penserra Capital Management LLC Sells 396 Shares of American Woodmark Corporation (NASDAQ:AMWD)

Penserra Capital Management LLC decreased its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,203 shares of the company’s stock after selling 396 shares during the quarter. Penserra Capital Management LLC’s holdings in American Woodmark were worth $188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in shares of American Woodmark by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company’s stock worth $586,000 after buying an additional 185 shares in the last quarter. GAMMA Investing LLC grew its position in shares of American Woodmark by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after buying an additional 197 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of American Woodmark by 1.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock worth $1,227,000 after buying an additional 200 shares in the last quarter. Quarry LP grew its position in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after buying an additional 259 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of American Woodmark by 4.6% during the 4th quarter. Vident Advisory LLC now owns 6,398 shares of the company’s stock worth $509,000 after purchasing an additional 281 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Down 1.5%

American Woodmark stock opened at $56.80 on Friday. The stock has a 50-day moving average of $56.01 and a two-hundred day moving average of $63.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.99. American Woodmark Corporation has a one year low of $50.00 and a one year high of $106.57. The stock has a market cap of $823.60 million, a PE ratio of 8.77 and a beta of 1.21.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $427.39 million. During the same period last year, the business posted $1.70 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year.

Analyst Ratings Changes

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

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.