Allianz Asset Management GmbH Lowers Stake in American Woodmark Corporation $AMWD

Allianz Asset Management GmbH lessened its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 74.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,477 shares of the company’s stock after selling 78,194 shares during the period. Allianz Asset Management GmbH owned approximately 0.18% of American Woodmark worth $1,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after acquiring an additional 197 shares during the period. CWM LLC boosted its position in shares of American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after buying an additional 696 shares during the period. Farther Finance Advisors LLC boosted its position in shares of American Woodmark by 34,380.0% in the second quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock worth $92,000 after buying an additional 1,719 shares during the period. State of Wyoming purchased a new stake in shares of American Woodmark in the first quarter worth about $172,000. Finally, XTX Topco Ltd purchased a new stake in shares of American Woodmark in the first quarter worth about $204,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

AMWD has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Friday. Robert W. Baird upped their target price on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Woodmark currently has an average rating of “Hold” and a consensus target price of $70.00.

American Woodmark Trading Down 2.0%

Shares of NASDAQ AMWD opened at $64.46 on Friday. The stock’s 50 day moving average price is $66.11 and its two-hundred day moving average price is $59.84. American Woodmark Corporation has a 52-week low of $50.00 and a 52-week high of $104.28. The stock has a market capitalization of $939.18 million, a P/E ratio of 11.53 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 2.04 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The firm had revenue of $403.05 million for the quarter, compared to analyst estimates of $420.64 million. During the same quarter in the previous year, the company earned $1.89 EPS. The company’s quarterly revenue was down 12.2% 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.