Bank of New York Mellon Corp Sells 9,219 Shares of American Woodmark Corporation (NASDAQ:AMWD)

Bank of New York Mellon Corp trimmed its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,231 shares of the company’s stock after selling 9,219 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.70% of American Woodmark worth $6,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paradigm Capital Management Inc. NY bought a new stake in American Woodmark during the fourth quarter valued at about $23,954,000. Franklin Resources Inc. grew its holdings in American Woodmark by 266.0% during the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock valued at $29,616,000 after purchasing an additional 270,644 shares during the period. Atlas FRM LLC bought a new stake in American Woodmark during the fourth quarter valued at about $9,066,000. Norges Bank bought a new stake in American Woodmark during the fourth quarter valued at about $5,675,000. Finally, Renaissance Technologies LLC grew its holdings in American Woodmark by 68.3% during the fourth quarter. Renaissance Technologies LLC now owns 130,101 shares of the company’s stock valued at $10,347,000 after purchasing an additional 52,800 shares during the period. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Trading Up 3.0%

Shares of NASDAQ AMWD opened at $56.02 on Thursday. The stock has a market cap of $812.29 million, a price-to-earnings ratio of 8.65 and a beta of 1.21. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $106.57. The company’s fifty day moving average is $55.11 and its 200-day moving average is $62.33. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results 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 net margin of 5.82% and a return on equity of 11.09%. The company had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. American Woodmark’s revenue was down 11.7% compared to the same quarter last year.

Analyst Ratings Changes

Several research analysts recently weighed in on AMWD shares. 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 research note on Friday, May 30th. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Wall Street Zen lowered American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Robert W. Baird cut their price target 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark currently has an average rating of “Hold” and a consensus target price of $83.33.

American Woodmark Company 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.