American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,031 shares of the company’s stock after selling 3,047 shares during the quarter. Royce & Associates LP’s holdings in American Woodmark were worth $798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in American Woodmark by 0.8% during the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock worth $1,440,000 after acquiring an additional 117 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in American Woodmark by 4.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after acquiring an additional 122 shares during the last quarter. Glenmede Trust Co. NA boosted its position in American Woodmark by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after acquiring an additional 222 shares during the last quarter. KBC Group NV boosted its position in American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after acquiring an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $58.78 on Friday. The stock has a market cap of $872.00 million, a P/E ratio of 8.79 and a beta of 1.58. The firm has a 50-day moving average of $71.47 and a two-hundred day moving average of $83.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark Co. has a 1-year low of $57.44 and a 1-year high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS 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 firm had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at American Woodmark

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the sale, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

American Woodmark Company 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.