Strs Ohio Purchases 600 Shares of American Woodmark Co. (NASDAQ:AMWD)

Strs Ohio increased its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the company’s stock after buying an additional 600 shares during the quarter. Strs Ohio owned about 0.05% of American Woodmark worth $817,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMWD. Pacer Advisors Inc. boosted its holdings in shares of American Woodmark by 49.6% in the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock valued at $51,377,000 after purchasing an additional 183,336 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of American Woodmark by 51.8% in the 3rd quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock valued at $23,665,000 after purchasing an additional 106,748 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of American Woodmark by 91.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 104,274 shares of the company’s stock valued at $7,884,000 after acquiring an additional 49,903 shares in the last quarter. Clark Estates Inc. NY acquired a new stake in shares of American Woodmark during the 3rd quarter valued at $3,024,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of American Woodmark by 144.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 58,805 shares of the company’s stock valued at $4,446,000 after acquiring an additional 34,757 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

AMWD has been the topic of several recent research reports. Robert W. Baird raised their price objective on American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, March 1st. StockNews.com lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, American Woodmark presently has an average rating of “Hold” and a consensus price target of $93.25.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $92.17 on Thursday. American Woodmark Co. has a one year low of $47.98 and a one year high of $104.28. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.71 and a beta of 1.73. The business has a 50-day simple moving average of $96.58 and a 200 day simple moving average of $87.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.53. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The business had revenue of $422.10 million during the quarter, compared to the consensus estimate of $394.56 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s quarterly revenue was down 12.2% on a year-over-year basis. On average, research analysts anticipate that American Woodmark Co. will post 8.6 earnings per share for the current fiscal year.

American Woodmark Company Profile

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.