EMC Capital Management Takes $109,000 Position in American Woodmark Corporation $AMWD

EMC Capital Management acquired a new position in American Woodmark Corporation (NASDAQ:AMWD) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,047 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds have also recently bought and sold shares of AMWD. GAMMA Investing LLC raised its position in American Woodmark by 35.8% in the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after acquiring an additional 285 shares in the last quarter. CWM LLC grew its stake in shares of American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Woodmark by 34,380.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock worth $92,000 after purchasing an additional 1,719 shares in the last quarter. State of Wyoming acquired a new stake in American Woodmark during the first quarter valued at approximately $172,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in American Woodmark by 5.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,809 shares of the company’s stock worth $203,000 after buying an additional 206 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMWD has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.00.

American Woodmark Trading Up 1.2%

American Woodmark stock opened at $48.21 on Thursday. American Woodmark Corporation has a 52 week low of $47.15 and a 52 week high of $103.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. The firm has a market capitalization of $702.37 million, a price-to-earnings ratio of 8.62 and a beta of 1.22. The company has a 50 day moving average price of $63.11 and a 200 day moving average price of $59.81.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.13). The business had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS.

About American Woodmark

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.