79,000 Shares in American Woodmark Co. (NASDAQ:AMWD) Bought by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY bought a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 79,000 shares of the company’s stock, valued at approximately $6,209,000. Paradigm Capital Management Inc. NY owned about 0.51% of American Woodmark as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of American Woodmark during the second quarter valued at $66,000. Picton Mahoney Asset Management bought a new position in shares of American Woodmark during the 2nd quarter valued at $71,000. DekaBank Deutsche Girozentrale boosted its stake in shares of American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of American Woodmark by 67.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after buying an additional 631 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of American Woodmark by 1,230.2% in the first quarter. Covestor Ltd now owns 1,716 shares of the company’s stock worth $175,000 after acquiring an additional 1,587 shares during the period. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Loop Capital reduced their price target on American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Robert W. Baird decreased their price objective on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Finally, Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.00.

American Woodmark Price Performance

NASDAQ:AMWD opened at $93.21 on Tuesday. The stock has a market cap of $1.45 billion, a PE ratio of 13.05 and a beta of 1.61. 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 business’s 50-day simple moving average is $91.78 and its two-hundred day simple moving average is $90.78. American Woodmark Co. has a 52 week low of $65.01 and a 52 week high of $106.57.

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

American Woodmark 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.