Tributary Capital Management LLC Grows Position in American Woodmark Co. (NASDAQ:AMWD)

Tributary Capital Management LLC increased its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 14.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,112 shares of the company’s stock after purchasing an additional 32,728 shares during the period. American Woodmark makes up 1.6% of Tributary Capital Management LLC’s holdings, making the stock its 21st biggest position. Tributary Capital Management LLC owned approximately 1.54% of American Woodmark worth $21,410,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMWD. Norges Bank purchased a new position in shares of American Woodmark during the fourth quarter worth $11,294,000. BlackRock Inc. raised its holdings in shares of American Woodmark by 9.6% during the third quarter. BlackRock Inc. now owns 2,267,491 shares of the company’s stock worth $177,883,000 after purchasing an additional 197,724 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Woodmark by 14.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 861,885 shares of the company’s stock valued at $47,991,000 after buying an additional 110,798 shares during the period. FMR LLC grew its position in American Woodmark by 26.2% during the third quarter. FMR LLC now owns 457,384 shares of the company’s stock valued at $35,882,000 after buying an additional 94,932 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in American Woodmark by 34.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 339,002 shares of the company’s stock valued at $18,876,000 after buying an additional 85,944 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Shares of AMWD stock opened at $90.40 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.05 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.52 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.31 and a beta of 2.30. American Woodmark Co. has a fifty-two week low of $53.35 and a fifty-two week high of $108.20.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $387.66 million. American Woodmark had a net margin of 4.91% and a return on equity of 19.40%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. As a group, research analysts predict that American Woodmark Co. will post 6.93 EPS for the current year.

Several analysts recently commented on AMWD shares. BidaskClub lowered shares of American Woodmark from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Sidoti assumed coverage on shares of American Woodmark in a research note on Tuesday, February 19th. They issued a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research raised shares of American Woodmark from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, ValuEngine raised shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. American Woodmark presently has an average rating of “Hold” and an average target price of $102.80.

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About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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