American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in American Woodmark Co. (NASDAQ:AMWD) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,639 shares of the company’s stock after selling 147 shares during the period. Los Angeles Capital Management LLC owned 0.05% of American Woodmark worth $878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMWD. DekaBank Deutsche Girozentrale acquired a new position in shares of American Woodmark in the 3rd quarter valued at about $42,000. Rafferty Asset Management LLC lifted its stake in shares of American Woodmark by 7.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock valued at $298,000 after purchasing an additional 290 shares in the last quarter. Invesco Ltd. lifted its stake in shares of American Woodmark by 51.8% in the 3rd quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock valued at $23,665,000 after purchasing an additional 106,748 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Woodmark during the 3rd quarter valued at about $310,000. Finally, SG Capital Management LLC purchased a new stake in shares of American Woodmark during the 3rd quarter valued at about $2,497,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com downgraded American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Robert W. Baird dropped their target price on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, Loop Capital dropped their target price on American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Woodmark has an average rating of “Hold” and an average target price of $95.75.

American Woodmark Price Performance

AMWD stock opened at $79.52 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 52-week low of $65.01 and a 52-week high of $104.28. The stock’s 50 day moving average is $89.09 and its two-hundred day moving average is $92.49. The company has a market capitalization of $1.26 billion, a PE ratio of 11.14 and a beta of 1.67.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). American Woodmark had a return on equity of 15.43% and a net margin of 6.29%. The business had revenue of $453.28 million for the quarter, compared to analysts’ expectations of $437.80 million. Analysts predict that American Woodmark Co. will post 8.31 earnings per share for the current fiscal year.

Insider Transactions at American Woodmark

In other news, Director Philip D. Fracassa bought 600 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $86.66 per share, for a total transaction of $51,996.00. Following the transaction, the director now owns 600 shares in the company, valued at $51,996. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.