American Woodmark Corporation $AMWD Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in American Woodmark Corporation (NASDAQ:AMWD) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 358,633 shares of the company’s stock after selling 5,414 shares during the quarter. Geode Capital Management LLC owned about 2.47% of American Woodmark worth $19,141,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of American Woodmark by 35.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares in the last quarter. CWM LLC increased its holdings in American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after buying an additional 696 shares during the last quarter. Farther Finance Advisors LLC raised its stake in American Woodmark by 34,380.0% during the second quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock valued at $92,000 after buying an additional 1,719 shares in the last quarter. State of Wyoming bought a new position in American Woodmark during the 1st quarter worth approximately $172,000. Finally, XTX Topco Ltd bought a new position in American Woodmark during the 1st quarter worth approximately $204,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Down 0.4%

Shares of AMWD stock opened at $55.13 on Monday. American Woodmark Corporation has a 1 year low of $47.15 and a 1 year high of $92.44. The firm has a market capitalization of $803.19 million, a PE ratio of 9.86 and a beta of 1.22. The stock has a fifty day moving average of $60.98 and a two-hundred day moving average of $59.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). The company had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. American Woodmark’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.08 earnings per share.

Wall Street Analyst Weigh In

AMWD has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. Robert W. Baird dropped their price target on American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.50.

American Woodmark 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.