Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in American Woodmark Co. (NASDAQ:AMWD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,999 shares of the company’s stock, valued at approximately $275,000.
Other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. bought a new position in shares of American Woodmark in the second quarter worth $682,000. Principal Financial Group Inc. boosted its stake in American Woodmark by 1.2% during the first quarter. Principal Financial Group Inc. now owns 118,414 shares of the company’s stock valued at $11,658,000 after buying an additional 1,348 shares during the period. Grace & White Inc. NY boosted its stake in American Woodmark by 1.4% during the second quarter. Grace & White Inc. NY now owns 56,254 shares of the company’s stock valued at $5,150,000 after buying an additional 800 shares during the period. Epoch Investment Partners Inc. boosted its stake in American Woodmark by 39.0% during the first quarter. Epoch Investment Partners Inc. now owns 212,014 shares of the company’s stock valued at $20,872,000 after buying an additional 59,517 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in American Woodmark by 11.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 88,220 shares of the company’s stock valued at $8,686,000 after buying an additional 8,887 shares during the period. 81.98% of the stock is owned by hedge funds and other institutional investors.
In other American Woodmark news, Director Carol B. Moerdyk sold 1,013 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $99.59, for a total transaction of $100,884.67. Following the sale, the director now owns 16,670 shares in the company, valued at $1,660,165.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James G. Davis purchased 513 shares of the stock in a transaction on Thursday, June 14th. The shares were purchased at an average price of $96.39 per share, for a total transaction of $49,448.07. Following the transaction, the director now directly owns 19,883 shares of the company’s stock, valued at $1,916,522.37. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.
NASDAQ:AMWD opened at $85.30 on Friday. The firm has a market cap of $1.49 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. American Woodmark Co. has a 52-week low of $80.25 and a 52-week high of $148.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.06 and a quick ratio of 1.52.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Monday, August 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.12. The company had revenue of $429.00 million during the quarter, compared to analyst estimates of $429.13 million. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. The firm’s quarterly revenue was up 55.0% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. equities research analysts anticipate that American Woodmark Co. will post 7.62 EPS for the current year.
Several research firms recently issued reports on AMWD. BidaskClub lowered American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th. ValuEngine lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Robert W. Baird dropped their price objective on American Woodmark from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, May 30th. Zacks Investment Research raised American Woodmark from a “sell” rating to a “strong-buy” rating and set a $119.00 price objective for the company in a research note on Friday, June 1st. Finally, Wells Fargo & Co began coverage on American Woodmark in a research note on Wednesday, June 27th. They set a “market perform” rating and a $100.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. American Woodmark has a consensus rating of “Hold” and a consensus target price of $112.00.
American Woodmark Profile
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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