Royce & Associates LP Trims Position in American Woodmark Co. (NASDAQ:AMWD)

Royce & Associates LP trimmed its holdings in American Woodmark Co. (NASDAQ:AMWD) by 23.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,031 shares of the company’s stock after selling 3,047 shares during the period. Royce & Associates LP owned 0.07% of American Woodmark worth $798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after buying an additional 377 shares during the last quarter. KBC Group NV raised its holdings in shares of American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after buying an additional 352 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in American Woodmark during the third quarter worth about $80,000. R Squared Ltd purchased a new position in American Woodmark during the fourth quarter worth about $87,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in American Woodmark during the third quarter worth about $158,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director James G. Davis sold 1,250 shares of the 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 directly owns 24,573 shares in the company, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

American Woodmark Trading Down 2.5 %

Shares of American Woodmark stock opened at $58.78 on Friday. American Woodmark Co. has a 12-month low of $57.44 and a 12-month high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market cap of $872.00 million, a PE ratio of 8.79 and a beta of 1.58. The company has a 50-day moving average of $71.47 and a two-hundred day moving average of $83.35.

American Woodmark (NASDAQ:AMWD) last released 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). The business had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

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.