Epoch Investment Partners Inc. reduced its stake in American Woodmark Co. (NASDAQ:AMWD) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,058 shares of the company’s stock after selling 9,886 shares during the period. Epoch Investment Partners Inc. owned 1.44% of American Woodmark worth $19,852,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AMWD. Cutler Group LP grew its stake in American Woodmark by 1,010.0% in the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock worth $101,000 after acquiring an additional 1,010 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in American Woodmark by 149.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in American Woodmark by 375.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock worth $172,000 after acquiring an additional 1,500 shares in the last quarter. Amalgamated Bank bought a new position in American Woodmark in the 2nd quarter worth about $210,000. Finally, Verition Fund Management LLC bought a new position in American Woodmark in the 2nd quarter worth about $211,000. Institutional investors and hedge funds own 84.04% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, August 28th. ValuEngine downgraded shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. TheStreet downgraded shares of American Woodmark from a “b” rating to a “c+” rating in a research note on Tuesday, October 9th. Robert W. Baird set a $104.00 target price on shares of American Woodmark and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Finally, Longbow Research downgraded shares of American Woodmark to a “buy” rating and set a $123.00 target price on the stock. in a research note on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. American Woodmark presently has a consensus rating of “Hold” and a consensus target price of $104.75.
Shares of AMWD opened at $61.60 on Friday. American Woodmark Co. has a fifty-two week low of $55.03 and a fifty-two week high of $148.44. The company has a market capitalization of $1.08 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.00 and a beta of 2.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.96 and a quick ratio of 1.27.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, November 29th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.27). American Woodmark had a return on equity of 18.07% and a net margin of 4.15%. The business had revenue of $424.88 million during the quarter, compared to analysts’ expectations of $424.17 million. During the same period in the previous year, the company posted $1.21 EPS. American Woodmark’s revenue for the quarter was up 54.6% on a year-over-year basis. As a group, equities analysts expect that American Woodmark Co. will post 6.92 EPS for the current year.
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.
Featured Story: Short Selling – Explanation For Shorting Stocks
Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.