Bank of America Corp DE lessened its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 67.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,010 shares of the company’s stock after selling 67,519 shares during the period. Bank of America Corp DE’s holdings in American Woodmark were worth $2,931,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cutler Group LP boosted its holdings in shares of American Woodmark by 1,010.0% during the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock valued at $101,000 after purchasing an additional 1,010 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of American Woodmark by 149.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock valued at $121,000 after purchasing an additional 790 shares during the last quarter. NumerixS Investment Technologies Inc boosted its holdings in shares of American Woodmark by 375.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock valued at $172,000 after purchasing an additional 1,500 shares during the last quarter. Amalgamated Bank bought a new position in shares of American Woodmark during the 2nd quarter valued at about $210,000. Finally, Pitcairn Co. bought a new position in shares of American Woodmark during the 2nd quarter valued at about $263,000. 82.16% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:AMWD opened at $64.92 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 1.23. American Woodmark Co. has a 12 month low of $55.03 and a 12 month high of $148.44. The stock has a market capitalization of $1.15 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.96 and a beta of 2.12.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Monday, August 27th. The company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.12. American Woodmark had a net margin of 4.68% and a return on equity of 18.61%. The firm had revenue of $429.00 million during the quarter, compared to the consensus estimate of $429.13 million. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was up 55.0% compared to the same quarter last year. On average, sell-side analysts forecast that American Woodmark Co. will post 7.62 earnings per share for the current year.
A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Robert W. Baird set a $104.00 price target on shares of American Woodmark and gave the company a “buy” rating in a report on Tuesday, October 16th. Longbow Research downgraded shares of American Woodmark to a “buy” rating and set a $123.00 price target for the company. in a report on Friday, October 12th. TheStreet downgraded shares of American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Finally, ValuEngine downgraded shares of American Woodmark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. American Woodmark has a consensus rating of “Hold” and an average price target of $106.75.
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American Woodmark Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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