Trust Point Inc. Invests $370,000 in American Woodmark Co. (NASDAQ:AMWD)

Trust Point Inc. bought a new position in American Woodmark Co. (NASDAQ:AMWD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,980 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in American Woodmark by 49.6% in the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after buying an additional 183,336 shares during the period. SG Capital Management LLC bought a new position in American Woodmark in the 3rd quarter worth $2,497,000. Qube Research & Technologies Ltd boosted its holdings in shares of American Woodmark by 265.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 29,066 shares of the company’s stock valued at $2,198,000 after purchasing an additional 21,114 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in shares of American Woodmark by 46.3% during the 3rd quarter. Graham Capital Management L.P. now owns 12,258 shares of the company’s stock valued at $927,000 after purchasing an additional 3,882 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of American Woodmark by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,616,710 shares of the company’s stock valued at $122,239,000 after purchasing an additional 34,735 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Up 2.0 %

Shares of NASDAQ:AMWD opened at $101.79 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 12 month low of $47.98 and a 12 month high of $104.28. The company has a 50-day moving average price of $96.17 and a 200 day moving average price of $85.95. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 14.04 and a beta of 1.73.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.53. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. The firm had revenue of $422.10 million during the quarter, compared to the consensus estimate of $394.56 million. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities research analysts predict that American Woodmark Co. will post 8.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on AMWD shares. Robert W. Baird increased their price objective on shares of American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, March 1st. StockNews.com downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a 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. According to data from MarketBeat, American Woodmark has an average rating of “Hold” and an average target price of $93.25.

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.