State Board of Administration of Florida Retirement System reduced its stake in shares of American Woodmark Corp. (NASDAQ:AMWD) by 25.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,025 shares of the company’s stock after selling 2,366 shares during the period. State Board of Administration of Florida Retirement System’s holdings in American Woodmark Corp. were worth $466,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of AMWD. Bank of Montreal Can purchased a new stake in shares of American Woodmark Corp. during the second quarter valued at about $274,000. New York State Teachers Retirement System raised its stake in shares of American Woodmark Corp. by 33.0% in the second quarter. New York State Teachers Retirement System now owns 13,296 shares of the company’s stock valued at $883,000 after buying an additional 3,300 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of American Woodmark Corp. during the second quarter valued at about $600,000. Capstone Asset Management Co. raised its stake in shares of American Woodmark Corp. by 14.1% in the second quarter. Capstone Asset Management Co. now owns 6,300 shares of the company’s stock valued at $418,000 after buying an additional 780 shares during the last quarter. Finally, New England Research & Management Inc. raised its stake in shares of American Woodmark Corp. by 43.6% in the second quarter. New England Research & Management Inc. now owns 9,300 shares of the company’s stock valued at $617,000 after buying an additional 2,825 shares during the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 2.10% during trading on Friday, hitting $80.07. The stock had a trading volume of 141,179 shares. The firm has a market capitalization of $1.31 billion, a P/E ratio of 20.17 and a beta of 1.76. American Woodmark Corp. has a 1-year low of $57.04 and a 1-year high of $89.89. The stock’s 50-day moving average price is $82.36 and its 200 day moving average price is $75.15.
American Woodmark Corp. (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 23rd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. The business had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts anticipate that American Woodmark Corp. will post $4.40 earnings per share for the current year.
AMWD has been the subject of several recent research reports. Zacks Investment Research upgraded American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Thursday, August 25th. Robert W. Baird lifted their price target on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th.
In other American Woodmark Corp. news, Director William F. Brandt sold 1,000 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $76.44, for a total transaction of $76,440.00. Following the sale, the director now directly owns 2,087,065 shares in the company, valued at approximately $159,535,248.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 12,312 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $79.76, for a total value of $982,005.12. Following the sale, the insider now owns 1,936,065 shares in the company, valued at $154,420,544.40. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
About American Woodmark Corp.
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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