State of Tennessee Treasury Department lifted its position in American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,222 shares of the company's stock after acquiring an additional 978 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of American Woodmark worth $549,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. bought a new stake in shares of American Woodmark in the 1st quarter worth $343,000. Systematic Financial Management LP grew its position in American Woodmark by 1.4% during the fourth 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 period. Western Standard LLC grew its position in American Woodmark by 18.6% during the fourth quarter. Western Standard LLC now owns 100,604 shares of the company's stock valued at $6,559,000 after buying an additional 15,809 shares during the period. Pzena Investment Management LLC grew its position in American Woodmark by 16.1% during the first quarter. Pzena Investment Management LLC now owns 854,538 shares of the company's stock valued at $41,830,000 after buying an additional 118,342 shares during the period. Finally, Timelo Investment Management Inc. purchased a new stake in American Woodmark during the fourth quarter valued at about $1,630,000. Institutional investors own 91.57% of the company's stock.
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American Woodmark Stock Down 2.2 %
AMWD stock opened at $51.43 on Friday. The company has a current ratio of 1.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company's 50 day moving average is $48.39 and its 200 day moving average is $50.07. The stock has a market cap of $853.43 million, a price-to-earnings ratio of -28.57 and a beta of 1.91. American Woodmark Co. has a 1-year low of $40.70 and a 1-year high of $76.36.
American Woodmark (NASDAQ:AMWD – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.42. American Woodmark had a negative net
margin of 1.60% and a positive return on equity of 7.30%. The business had revenue of $542.90 million for the quarter, compared to analysts' expectations of $514.10 million. During the same period last year, the business earned $0.70 earnings per share. The business's quarterly revenue was up 22.7% on a year-over-year basis. Sell-side analysts predict that American Woodmark Co. will post 5.04 EPS for the current fiscal year.
Insider Buying and Selling at American Woodmark
In other American Woodmark news, CEO Michael Scott Culbreth purchased 2,000 shares of American Woodmark stock in a transaction on Wednesday, June 22nd. The shares were acquired at an average cost of $41.13 per share, for a total transaction of $82,260.00. Following the completion of the transaction, the chief executive officer now directly owns 57,930 shares of the company's stock, valued at $2,382,660.90. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, Director Vance W. Tang bought 10,000 shares of the business's stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of $41.95 per share, for a total transaction of $419,500.00. Following the completion of the acquisition, the director now owns 57,594 shares of the company's stock, valued at $2,416,068.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Scott Culbreth bought 2,000 shares of the business's stock in a transaction dated Wednesday, June 22nd. The stock was purchased at an average price of $41.13 per share, for a total transaction of $82,260.00. Following the acquisition, the chief executive officer now directly owns 57,930 shares of the company's stock, valued at approximately $2,382,660.90. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on AMWD shares. Robert W. Baird increased their price target on shares of American Woodmark from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on shares of American Woodmark in a report on Wednesday, August 17th. They issued a "sell" rating and a $45.00 price target on the stock. Loop Capital upped their price objective on shares of American Woodmark from $47.00 to $49.00 in a research report on Wednesday. Finally, StockNews.com upgraded shares of American Woodmark from a "sell" rating to a "hold" rating in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $57.25.
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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