15,382 Shares in American Woodmark Corporation $AMWD Purchased by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in American Woodmark Corporation (NASDAQ:AMWD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,382 shares of the company’s stock, valued at approximately $1,027,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in American Woodmark during the third quarter worth $36,000. Canada Pension Plan Investment Board acquired a new position in American Woodmark during the second quarter worth about $64,000. CWM LLC lifted its holdings in shares of American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after acquiring an additional 696 shares during the last quarter. EMC Capital Management acquired a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $109,000. Finally, Osaic Holdings Inc. grew its holdings in shares of American Woodmark by 19.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after purchasing an additional 357 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and issued a $60.00 price target (up previously from $57.00) on shares of American Woodmark in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.00.

American Woodmark Stock Down 13.1%

AMWD stock opened at $59.74 on Thursday. The stock’s 50 day simple moving average is $58.69 and its 200 day simple moving average is $60.73. The company has a market cap of $870.41 million, a P/E ratio of 14.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 2.15. American Woodmark Corporation has a fifty-two week low of $47.15 and a fifty-two week high of $78.88.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.44). American Woodmark had a net margin of 3.94% and a return on equity of 7.13%. The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. During the same quarter in the prior year, the firm earned $2.08 EPS. The company’s revenue was down 12.8% compared to the same quarter last year.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.