State of Alaska Department of Revenue Buys 482 Shares of American Woodmark Corporation $AMWD

State of Alaska Department of Revenue increased its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,824 shares of the company’s stock after acquiring an additional 482 shares during the period. State of Alaska Department of Revenue’s holdings in American Woodmark were worth $470,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMWD. GAMMA Investing LLC grew its holdings in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after acquiring an additional 197 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of American Woodmark by 34,380.0% in the second quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock valued at $92,000 after acquiring an additional 1,719 shares in the last quarter. State of Wyoming bought a new position in shares of American Woodmark in the first quarter valued at approximately $172,000. XTX Topco Ltd bought a new position in shares of American Woodmark in the first quarter valued at approximately $204,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of American Woodmark by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $234,000 after acquiring an additional 193 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMWD. Robert W. Baird upped their target price on American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a report on Wednesday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.00.

American Woodmark Price Performance

Shares of NASDAQ AMWD opened at $67.67 on Thursday. The stock has a fifty day simple moving average of $64.70 and a two-hundred day simple moving average of $59.24. American Woodmark Corporation has a 1-year low of $50.00 and a 1-year high of $104.28. The firm has a market cap of $985.95 million, a price-to-earnings ratio of 12.11 and a beta of 1.19. The company has a current ratio of 2.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.13). The company had revenue of $403.05 million for the quarter, compared to analysts’ expectations of $420.64 million. American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS.

American Woodmark 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.