Ensign Peak Advisors Inc Sells 3,050 Shares of American Woodmark Corporation $AMWD

Ensign Peak Advisors Inc decreased its stake in American Woodmark Corporation (NASDAQ:AMWD) by 29.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,147 shares of the company’s stock after selling 3,050 shares during the quarter. Ensign Peak Advisors Inc’s holdings in American Woodmark were worth $381,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. EP Wealth Advisors LLC raised its stake in American Woodmark by 30.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,057 shares of the company’s stock worth $239,000 after acquiring an additional 943 shares during the period. LSV Asset Management boosted its position in shares of American Woodmark by 22.3% in the first quarter. LSV Asset Management now owns 323,962 shares of the company’s stock worth $19,059,000 after purchasing an additional 59,010 shares during the period. Pzena Investment Management LLC increased its stake in shares of American Woodmark by 36.6% in the second quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company’s stock worth $61,286,000 after purchasing an additional 307,657 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of American Woodmark by 18.5% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company’s stock valued at $20,996,000 after purchasing an additional 55,711 shares during the period. Finally, US Bancorp DE raised its position in shares of American Woodmark by 21.1% during the 2nd quarter. US Bancorp DE now owns 22,542 shares of the company’s stock valued at $1,203,000 after purchasing an additional 3,921 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $55.13 on Monday. The firm has a fifty day simple moving average of $60.98 and a two-hundred day simple moving average of $59.49. American Woodmark Corporation has a 52 week low of $47.15 and a 52 week high of $92.44. The company has a quick ratio of 1.05, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $803.19 million, a P/E ratio of 9.86 and a beta of 1.22.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.44). American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The company had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $410.62 million. During the same quarter in the prior year, the business posted $2.08 EPS. The company’s revenue was down 12.8% on a year-over-year basis.

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.