New York State Common Retirement Fund grew its position in American Woodmark Corporation (NASDAQ:AMWD) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,802 shares of the company’s stock after buying an additional 1,818 shares during the quarter. New York State Common Retirement Fund owned 0.24% of American Woodmark Corporation worth $3,708,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of American Woodmark Corporation in the 1st quarter worth $110,000. Riverhead Capital Management LLC lifted its holdings in shares of American Woodmark Corporation by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after buying an additional 599 shares during the period. Dubuque Bank & Trust Co. lifted its stake in shares of American Woodmark Corporation by 8.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock worth $158,000 after purchasing an additional 132 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of American Woodmark Corporation during the 2nd quarter worth $172,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of American Woodmark Corporation by 1,164.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,667 shares of the company’s stock worth $244,000 after purchasing an additional 2,456 shares during the last quarter. Institutional investors and hedge funds own 80.37% of the company’s stock.
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A number of equities research analysts recently weighed in on AMWD shares. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, August 25th. BidaskClub upgraded American Woodmark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Zelman & Associates cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
In related news, major shareholder William F. Brandt sold 1,000 shares of American Woodmark Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $95.50, for a total value of $95,500.00. Following the completion of the sale, the insider now owns 1,876,973 shares of the company’s stock, valued at approximately $179,250,921.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 3,000 shares of American Woodmark Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $97.70, for a total transaction of $293,100.00. Following the completion of the sale, the insider now directly owns 1,880,973 shares of the company’s stock, valued at approximately $183,771,062.10. The disclosure for this sale can be found here. Insiders have sold a total of 56,157 shares of company stock valued at $5,226,615 in the last three months. Company insiders own 1.10% of the company’s stock.
American Woodmark Corporation (NASDAQ AMWD) opened at 99.95 on Friday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 22.82 and a beta of 1.45. The company’s 50-day moving average price is $93.67 and its 200 day moving average price is $92.93. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30.
American Woodmark Corporation (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.14). The company had revenue of $276.83 million for the quarter, compared to analyst estimates of $278.80 million. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.32 EPS. Analysts predict that American Woodmark Corporation will post $4.91 EPS for the current year.
American Woodmark Corporation Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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