O Shaughnessy Asset Management LLC Cuts Holdings in American Woodmark Co. (NASDAQ:AMWD)

O Shaughnessy Asset Management LLC cut its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,285 shares of the company’s stock after selling 3,010 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.17% of American Woodmark worth $2,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its stake in American Woodmark by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock valued at $911,000 after acquiring an additional 118 shares during the last quarter. ProShare Advisors LLC boosted its stake in American Woodmark by 5.0% in the first quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after acquiring an additional 154 shares during the last quarter. New York State Teachers Retirement System boosted its stake in American Woodmark by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock valued at $1,046,000 after acquiring an additional 337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Woodmark by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,097 shares of the company’s stock valued at $380,000 after acquiring an additional 365 shares during the last quarter. Finally, Strs Ohio boosted its stake in American Woodmark by 7.3% in the fourth quarter. Strs Ohio now owns 8,800 shares of the company’s stock valued at $817,000 after acquiring an additional 600 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Philip D. Fracassa purchased 600 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average price of $86.66 per share, with a total value of $51,996.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at approximately $51,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

American Woodmark Price Performance

Shares of NASDAQ:AMWD traded down $2.13 during trading on Wednesday, reaching $91.52. The company had a trading volume of 124,751 shares, compared to its average volume of 129,534. The company has a fifty day moving average of $84.79 and a two-hundred day moving average of $91.25. The stock has a market capitalization of $1.43 billion, a P/E ratio of 12.84 and a beta of 1.62. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $104.28. The company has a current ratio of 2.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The business had revenue of $453.28 million during the quarter, compared to analysts’ expectations of $437.80 million. Equities research analysts forecast that American Woodmark Co. will post 8.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMWD shares. Loop Capital dropped their target price on shares of American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Robert W. Baird decreased their price target on shares of American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.33.

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.