Corebridge Financial Inc. Cuts Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Corebridge Financial Inc. lowered its position in American Woodmark Co. (NASDAQ:AMWD) by 7.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,296 shares of the company’s stock after selling 651 shares during the quarter. Corebridge Financial Inc.’s holdings in American Woodmark were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AMWD. GAMMA Investing LLC lifted its holdings in shares of American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after buying an additional 377 shares during the period. KBC Group NV raised its position in American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after acquiring an additional 352 shares in the last quarter. R Squared Ltd purchased a new position in American Woodmark in the fourth quarter worth $87,000. Point72 DIFC Ltd acquired a new stake in American Woodmark in the third quarter valued at $204,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of American Woodmark during the 3rd quarter worth $250,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 3.3 %

Shares of AMWD stock opened at $57.40 on Monday. The stock has a market cap of $851.53 million, a P/E ratio of 8.58 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a fifty-two week low of $52.38 and a fifty-two week high of $106.57. The business has a fifty day simple moving average of $67.28 and a 200-day simple moving average of $81.41.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMWD. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. StockNews.com raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.00.

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.