American Woodmark Corporation $AMWD Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 98.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,555 shares of the company’s stock after selling 308,607 shares during the quarter. LSV Asset Management’s holdings in American Woodmark were worth $304,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMWD. Millennium Management LLC grew its holdings in shares of American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,427 shares during the period. Versor Investments LP purchased a new position in American Woodmark during the third quarter worth about $3,430,000. Bank of America Corp DE boosted its stake in American Woodmark by 67.0% during the second quarter. Bank of America Corp DE now owns 113,228 shares of the company’s stock worth $6,043,000 after buying an additional 45,407 shares during the period. New York Life Investment Management LLC acquired a new stake in shares of American Woodmark during the third quarter valued at about $2,952,000. Finally, CSM Advisors LLC purchased a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $1,978,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $58.03 on Wednesday. The firm has a 50 day moving average of $58.98 and a two-hundred day moving average of $60.89. The stock has a market capitalization of $845.50 million, a PE ratio of 13.75 and a beta of 1.27. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. American Woodmark Corporation has a 52 week low of $47.15 and a 52 week high of $78.16.

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

Analyst Upgrades and Downgrades

AMWD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of American Woodmark in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.00.

American Woodmark Company Profile

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.