UBS Group AG Sells 45,716 Shares of American Woodmark Corporation $AMWD

UBS Group AG lessened its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 44.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,156 shares of the company’s stock after selling 45,716 shares during the period. UBS Group AG owned 0.39% of American Woodmark worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC raised its stake in American Woodmark by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,152,739 shares of the company’s stock valued at $76,957,000 after acquiring an additional 4,408 shares during the period. Cooke & Bieler LP grew its holdings in American Woodmark by 3.7% in the 3rd quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock valued at $62,118,000 after buying an additional 32,832 shares in the last quarter. Citigroup Inc. grew its holdings in American Woodmark by 2,117.7% in the 3rd quarter. Citigroup Inc. now owns 400,343 shares of the company’s stock valued at $26,727,000 after buying an additional 382,291 shares in the last quarter. Magnetar Financial LLC acquired a new position in American Woodmark in the 3rd quarter valued at $20,665,000. Finally, AQR Arbitrage LLC acquired a new position in American Woodmark in the 3rd quarter valued at $15,722,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

AMWD has been the topic of a number of research reports. Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective on the stock in a report on Friday, February 27th. Wall Street Zen raised American Woodmark to a “sell” rating in a report on Saturday, April 11th. Robert W. Baird decreased their price objective on American Woodmark from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Woodmark presently has a consensus rating of “Hold” and an average target price of $57.67.

American Woodmark Stock Performance

Shares of NASDAQ AMWD opened at $38.90 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13. The stock’s fifty day moving average price is $40.12 and its two-hundred day moving average price is $50.17. American Woodmark Corporation has a one year low of $33.29 and a one year high of $72.15. The firm has a market cap of $566.77 million, a price-to-earnings ratio of 33.53 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.34. The firm had revenue of $324.30 million for the quarter, compared to analyst estimates of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS.

American Woodmark 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.