EMG Holdings L.P. Sells 30,375 Shares of American Woodmark Co. (NASDAQ:AMWD)

EMG Holdings L.P. reduced its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 65.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,945 shares of the company’s stock after selling 30,375 shares during the quarter. American Woodmark comprises about 0.6% of EMG Holdings L.P.’s portfolio, making the stock its 21st biggest position. EMG Holdings L.P. owned 0.10% of American Woodmark worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after purchasing an additional 7,496 shares during the last quarter. Cooke & Bieler LP boosted its stake in American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares during the last quarter. LSV Asset Management boosted its stake in American Woodmark by 36.6% in the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after acquiring an additional 61,206 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in American Woodmark by 3.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 162,544 shares of the company’s stock valued at $15,092,000 after acquiring an additional 6,144 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMWD shares. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, August 14th. Loop Capital reduced their price objective on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Robert W. Baird cut their target price on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Finally, Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Four equities research 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.com, American Woodmark has an average rating of “Hold” and an average price target of $102.00.

American Woodmark Trading Up 3.3 %

Shares of NASDAQ:AMWD opened at $95.58 on Friday. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $106.57. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $91.49 and its 200 day simple moving average is $90.86. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 13.39 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the previous year, the business earned $2.78 earnings per share. The company’s revenue was down 7.9% on a year-over-year basis.

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.