Public Sector Pension Investment Board Decreases Holdings in American Woodmark Co. (NASDAQ:AMWD)

Public Sector Pension Investment Board trimmed its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 11.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,825 shares of the company’s stock after selling 4,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in American Woodmark were worth $3,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of American Woodmark by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 560 shares of the company’s stock valued at $49,000 after buying an additional 112 shares in the last quarter. Advisor Group Inc. raised its position in shares of American Woodmark by 7.7% during the 4th quarter. Advisor Group Inc. now owns 1,859 shares of the company’s stock valued at $195,000 after buying an additional 133 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of American Woodmark by 150.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 300 shares of the company’s stock valued at $31,000 after buying an additional 180 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of American Woodmark by 1.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,600 shares of the company’s stock valued at $2,048,000 after buying an additional 337 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in American Woodmark by 17.2% during the 4th quarter. ProShare Advisors LLC now owns 2,712 shares of the company’s stock valued at $283,000 after purchasing an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

In related news, SVP Robert J. Adams, Jr. sold 3,700 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $110.00, for a total transaction of $407,000.00. Following the completion of the sale, the senior vice president now owns 13,093 shares of the company’s stock, valued at $1,440,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

NASDAQ:AMWD traded down $4.75 during midday trading on Thursday, reaching $52.60. 21,827 shares of the stock traded hands, compared to its average volume of 160,449. American Woodmark Co. has a 12-month low of $35.30 and a 12-month high of $117.70. The business has a 50-day moving average of $87.84 and a two-hundred day moving average of $97.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.12 and a current ratio of 1.85. The stock has a market capitalization of $836.78 million, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.77 and a beta of 2.23.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, February 25th. The company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.16). American Woodmark had a net margin of 5.06% and a return on equity of 18.33%. The firm had revenue of $395.80 million for the quarter, compared to analysts’ expectations of $400.30 million. During the same period in the previous year, the company earned $1.40 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Research analysts anticipate that American Woodmark Co. will post 7.18 earnings per share for the current year.

AMWD has been the topic of a number of research analyst reports. Robert W. Baird dropped their target price on shares of American Woodmark from $120.00 to $116.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Loop Capital initiated coverage on shares of American Woodmark in a research note on Thursday, January 23rd. They issued a “hold” rating and a $121.00 target price on the stock. ValuEngine downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Sidoti upgraded shares of American Woodmark from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $111.00 to $108.00 in a research note on Tuesday, March 3rd. Finally, BidaskClub downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $108.00.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

See Also: Initial Public Offering (IPO)

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

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