Swiss National Bank Sells 1,300 Shares of American Woodmark Corporation $AMWD

Swiss National Bank cut its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,200 shares of the company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned approximately 0.20% of American Woodmark worth $1,718,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its stake in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 259 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of American Woodmark in the fourth quarter worth $43,000. GAMMA Investing LLC boosted its position in shares of American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after acquiring an additional 197 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 444 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in American Woodmark during the first quarter valued at $204,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMWD. Loop Capital dropped their price objective on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, May 30th. Wall Street Zen downgraded American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird dropped 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and an average target price of $70.00.

American Woodmark Stock Performance

American Woodmark stock opened at $67.18 on Monday. The company’s 50-day moving average price is $56.30 and its 200-day moving average price is $59.13. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40. The company has a market cap of $974.11 million, a PE ratio of 10.37 and a beta of 1.20. American Woodmark Corporation has a twelve month low of $50.00 and a twelve month high of $104.28.

American Woodmark (NASDAQ:AMWD) last announced 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 net margin of 5.82% and a return on equity of 11.09%. The firm had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. During the same quarter last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year.

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.