Invesco Ltd. Sells 3,956 Shares of American Woodmark Corporation $AMWD

Invesco Ltd. decreased its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 183,749 shares of the company’s stock after selling 3,956 shares during the period. Invesco Ltd. owned 1.24% of American Woodmark worth $10,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC increased its stake in shares of American Woodmark by 74.7% during the first quarter. Headlands Technologies LLC now owns 5,637 shares of the company’s stock valued at $332,000 after purchasing an additional 2,411 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of American Woodmark by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 308,591 shares of the company’s stock valued at $18,154,000 after purchasing an additional 4,009 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of American Woodmark by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $234,000 after purchasing an additional 193 shares in the last quarter. LSV Asset Management increased its position in shares of American Woodmark by 22.3% during the first quarter. LSV Asset Management now owns 323,962 shares of the company’s stock valued at $19,059,000 after acquiring an additional 59,010 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of American Woodmark during the first quarter valued at approximately $204,000. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of American Woodmark from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th. Loop Capital reduced their price target on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, Wall Street Zen downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.00.

American Woodmark Trading Up 7.8%

NASDAQ:AMWD opened at $67.18 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a 12 month low of $50.00 and a 12 month high of $104.28. The company has a market cap of $974.11 million, a PE ratio of 10.37 and a beta of 1.20. The company has a 50 day simple moving average of $56.30 and a two-hundred day simple moving average of $59.13.

American Woodmark (NASDAQ:AMWD) last posted its 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 business had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s revenue was down 11.7% on a year-over-year basis.

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.