Amalgamated Bank Cuts Position in American Woodmark Co. (NASDAQ:AMWD)

Amalgamated Bank lowered its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,855 shares of the company’s stock after selling 148 shares during the period. Amalgamated Bank’s holdings in American Woodmark were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMWD. Innealta Capital LLC purchased a new stake in shares of American Woodmark during the 2nd quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new stake in American Woodmark in the second quarter valued at $71,000. DekaBank Deutsche Girozentrale increased its position in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after buying an additional 377 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after buying an additional 631 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of American Woodmark by 1,230.2% in the 1st quarter. Covestor Ltd now owns 1,716 shares of the company’s stock worth $175,000 after buying an additional 1,587 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Up 1.9 %

Shares of AMWD opened at $92.96 on Monday. American Woodmark Co. has a fifty-two week low of $65.01 and a fifty-two week high of $106.57. The stock has a fifty day moving average of $91.79 and a two-hundred day moving average of $90.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The company has a market capitalization of $1.45 billion, a PE ratio of 13.02 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter last year, the company posted $2.78 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMWD. Loop Capital cut their target price on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, August 14th. Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Robert W. Baird decreased their price objective on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Woodmark currently has a consensus rating of “Hold” and an average price target of $102.00.

American Woodmark Profile

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.