Tributary Capital Management LLC lessened its position in American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,469 shares of the company's stock after selling 7,238 shares during the period. Tributary Capital Management LLC's holdings in American Woodmark were worth $9,158,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Prescott Group Capital Management L.L.C. bought a new stake in shares of American Woodmark in the 1st quarter valued at about $343,000. B. Riley Asset Management LLC grew its position in shares of American Woodmark by 45.8% in the 1st quarter. B. Riley Asset Management LLC now owns 88,009 shares of the company's stock valued at $4,308,000 after buying an additional 27,646 shares during the last quarter. Systematic Financial Management LP grew its position in shares of American Woodmark by 1.4% in the 4th quarter. Systematic Financial Management LP now owns 313,089 shares of the company's stock valued at $20,413,000 after buying an additional 4,428 shares during the last quarter. Western Standard LLC boosted its position in shares of American Woodmark by 18.6% during the 4th quarter. Western Standard LLC now owns 100,604 shares of the company's stock valued at $6,559,000 after purchasing an additional 15,809 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of American Woodmark by 16.1% during the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company's stock valued at $41,830,000 after purchasing an additional 118,342 shares in the last quarter. Institutional investors and hedge funds own 91.57% of the company's stock.
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Analyst Ratings Changes
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on American Woodmark in a report on Wednesday, August 17th. They issued a "sell" rating and a $45.00 price target on the stock. Robert W. Baird increased their price objective on American Woodmark from $54.00 to $58.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 31st. Loop Capital increased their price objective on American Woodmark from $47.00 to $49.00 in a research note on Wednesday, August 31st. Finally, StockNews.com raised American Woodmark from a "sell" rating to a "hold" rating in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $57.25.
American Woodmark Stock Performance
Shares of American Woodmark stock traded up $0.66 during trading hours on Tuesday, reaching $44.94. The company had a trading volume of 287 shares, compared to its average volume of 117,612. American Woodmark Co. has a one year low of $40.70 and a one year high of $76.36. The business has a fifty day simple moving average of $49.83 and a 200 day simple moving average of $49.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.96 and a quick ratio of 0.92. The firm has a market cap of $746.90 million, a PE ratio of -58.36 and a beta of 1.86.
American Woodmark (NASDAQ:AMWD – Get Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.42. American Woodmark had a positive return on equity of 9.35% and a negative net margin of 0.65%. The firm had revenue of $542.90 million during the quarter, compared to analyst estimates of $514.10 million. During the same period last year, the company earned $0.70 earnings per share. The business's revenue for the quarter was up 22.7% on a year-over-year basis. On average, analysts anticipate that American Woodmark Co. will post 6.32 earnings per share for the current fiscal year.
About American Woodmark
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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.
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