ABC Arbitrage SA Makes New $1.03 Million Investment in American Woodmark Corporation $AMWD

ABC Arbitrage SA purchased a new stake in American Woodmark Corporation (NASDAQ:AMWD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,382 shares of the company’s stock, valued at approximately $1,027,000. ABC Arbitrage SA owned 0.11% of American Woodmark at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMWD. AQR Capital Management LLC increased its stake in shares of American Woodmark by 32.7% in the first quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock worth $2,412,000 after acquiring an additional 10,098 shares during the last quarter. Millennium Management LLC raised its stake in shares of American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,427 shares in the last quarter. Jane Street Group LLC raised its stake in shares of American Woodmark by 132.6% during the 1st quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock worth $2,990,000 after purchasing an additional 28,975 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of American Woodmark by 81.5% during the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after buying an additional 11,136 shares during the last quarter. Finally, US Bancorp DE raised its position in American Woodmark by 21.1% during the second quarter. US Bancorp DE now owns 22,542 shares of the company’s stock valued at $1,203,000 after acquiring an additional 3,921 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 13.1%

Shares of NASDAQ AMWD opened at $59.74 on Thursday. The stock has a market cap of $870.41 million, a PE ratio of 14.16 and a beta of 1.27. American Woodmark Corporation has a 52-week low of $47.15 and a 52-week high of $78.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 2.15. The business has a fifty day moving average of $58.69 and a two-hundred day moving average of $60.73.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.44). American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $410.62 million. During the same period in the prior year, the company posted $2.08 EPS. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMWD. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. Robert W. Baird reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of American Woodmark in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.00.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.