Goldman Sachs Group Inc. reduced its holdings in American Woodmark Co. (NASDAQ:AMWD) by 82.2% during the fourth quarter, Holdings Channel reports. The fund owned 43,854 shares of the company’s stock after selling 201,992 shares during the quarter. Goldman Sachs Group Inc.’s holdings in American Woodmark were worth $5,712,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stone Ridge Asset Management LLC bought a new position in American Woodmark in the 4th quarter worth about $523,000. Guggenheim Capital LLC purchased a new position in shares of American Woodmark in the 4th quarter worth about $1,217,000. Deutsche Bank AG boosted its holdings in shares of American Woodmark by 422.6% in the 4th quarter. Deutsche Bank AG now owns 67,780 shares of the company’s stock worth $8,827,000 after purchasing an additional 54,810 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of American Woodmark in the 4th quarter worth about $1,107,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of American Woodmark in the 4th quarter worth about $2,226,000. Institutional investors and hedge funds own 75.60% of the company’s stock.
A number of research firms have recently issued reports on AMWD. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research cut American Woodmark from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Longbow Research upgraded American Woodmark from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $140.00.
In related news, Director Vance W. Tang bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was bought at an average cost of $97.55 per share, for a total transaction of $195,100.00. Following the acquisition, the director now directly owns 13,170 shares of the company’s stock, valued at approximately $1,284,733.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William F. Brandt sold 12,000 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $132.08, for a total value of $1,584,960.00. Following the sale, the insider now owns 1,763,245 shares of the company’s stock, valued at $232,889,399.60. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock valued at $3,370,160 over the last 90 days. 1.10% of the stock is currently owned by company insiders.
AMWD opened at $98.90 on Friday. American Woodmark Co. has a 12-month low of $78.75 and a 12-month high of $148.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.27 and a quick ratio of 1.68. The stock has a market capitalization of $1,695.20, a PE ratio of 22.22 and a beta of 1.74.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, March 9th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). American Woodmark had a return on equity of 17.54% and a net margin of 5.56%. The firm had revenue of $292.80 million during the quarter, compared to analysts’ expectations of $276.60 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. American Woodmark’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities research analysts expect that American Woodmark Co. will post 4.7 EPS for the current year.
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American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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