Bank of New York Mellon Corp Lowers Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Bank of New York Mellon Corp reduced its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,450 shares of the company’s stock after selling 6,570 shares during the period. Bank of New York Mellon Corp owned about 0.75% of American Woodmark worth $8,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AMWD. GAMMA Investing LLC raised its stake in shares of American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares in the last quarter. KBC Group NV raised its stake in shares of American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after acquiring an additional 352 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark in the third quarter valued at $80,000. R Squared Ltd acquired a new stake in shares of American Woodmark in the fourth quarter valued at $87,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in American Woodmark in the third quarter valued at $158,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMWD shares. StockNews.com cut American Woodmark from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Loop Capital cut their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird raised their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $114.00.

Insider Buying and Selling

In other American Woodmark news, Director James G. Davis sold 2,821 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the completion of the transaction, the director now directly owns 25,823 shares of the company’s stock, valued at $2,123,425.29. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 5,750 shares of company stock valued at $474,548. Company insiders own 1.30% of the company’s stock.

American Woodmark Trading Up 1.8 %

Shares of American Woodmark stock opened at $59.02 on Friday. The business has a 50 day moving average price of $73.18 and a 200 day moving average price of $84.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market capitalization of $875.56 million, a P/E ratio of 8.82 and a beta of 1.58. American Woodmark Co. has a 1 year low of $57.44 and a 1 year high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

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.