Rafferty Asset Management LLC Has $572,000 Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Rafferty Asset Management LLC raised its holdings in American Woodmark Co. (NASDAQ:AMWD) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,998 shares of the company’s stock after acquiring an additional 904 shares during the quarter. Rafferty Asset Management LLC’s holdings in American Woodmark were worth $572,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of American Woodmark by 2.8% in the 1st quarter. FMR LLC now owns 449,784 shares of the company’s stock valued at $37,166,000 after acquiring an additional 12,253 shares in the last quarter. First Trust Advisors LP grew its holdings in American Woodmark by 54.0% in the first quarter. First Trust Advisors LP now owns 32,415 shares of the company’s stock worth $2,678,000 after purchasing an additional 11,372 shares during the period. Victory Capital Management Inc. increased its stake in American Woodmark by 7.4% in the first quarter. Victory Capital Management Inc. now owns 57,918 shares of the company’s stock valued at $5,710,000 after purchasing an additional 4,008 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of American Woodmark by 1.3% during the first quarter. Rhumbline Advisers now owns 57,872 shares of the company’s stock valued at $5,705,000 after purchasing an additional 754 shares during the period. Finally, Swiss National Bank boosted its position in shares of American Woodmark by 1.4% during the 1st quarter. Swiss National Bank now owns 36,900 shares of the company’s stock worth $3,638,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Shares of American Woodmark stock opened at $66.83 on Thursday. American Woodmark Co. has a 52 week low of $64.08 and a 52 week high of $108.81. The company has a quick ratio of 0.87, a current ratio of 1.79 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $73.30 and a 200-day moving average price of $86.11. The company has a market cap of $1.11 billion, a PE ratio of 25.03 and a beta of 2.24.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Monday, August 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.78). American Woodmark had a return on equity of 12.38% and a net margin of 2.52%. The company had revenue of $442.60 million for the quarter, compared to the consensus estimate of $461.32 million. During the same quarter last year, the company posted $1.66 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, research analysts anticipate that American Woodmark Co. will post 4.84 EPS for the current year.

In other news, Director Vance W. Tang purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 14th. The shares were bought at an average cost of $66.06 per share, with a total value of $396,360.00. Following the completion of the transaction, the director now directly owns 27,750 shares of the company’s stock, valued at $1,833,165. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several research analysts have issued reports on AMWD shares. Zacks Investment Research lowered American Woodmark from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 31st. Robert W. Baird cut their target price on American Woodmark from $90.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, September 1st. Finally, Loop Capital boosted their price target on shares of American Woodmark from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, September 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Woodmark presently has an average rating of “Hold” and a consensus target price of $100.50.

American Woodmark Company Profile

American Woodmark Corp. manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. It operates through the American Woodmark, Timberlake, Shenandoah Cabinetry, Waypoint Living Spaces, Estate by RSI, Continental Cabinets and VillaBath by RSI, Stor-It-All and Professional Cabinet Solutions.

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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