American Woodmark Co. (AMWD) Stake Raised by BlackRock Inc.

BlackRock Inc. lifted its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,069,767 shares of the company’s stock after purchasing an additional 150,285 shares during the period. BlackRock Inc. owned about 0.12% of American Woodmark worth $189,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMWD. Bronfman E.L. Rothschild L.P. increased its holdings in American Woodmark by 149.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after acquiring an additional 790 shares during the last quarter. Amalgamated Bank purchased a new stake in American Woodmark in the 2nd quarter worth about $210,000. Profund Advisors LLC increased its holdings in American Woodmark by 35.9% in the 1st quarter. Profund Advisors LLC now owns 2,452 shares of the company’s stock worth $241,000 after acquiring an additional 648 shares during the last quarter. Pitcairn Co. purchased a new stake in American Woodmark in the 2nd quarter worth about $263,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in American Woodmark in the 2nd quarter worth about $275,000. Institutional investors own 81.74% of the company’s stock.

Shares of AMWD opened at $82.95 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $1.46 billion, a P/E ratio of 15.83, a PEG ratio of 1.21 and a beta of 1.85. American Woodmark Co. has a fifty-two week low of $80.10 and a fifty-two week high of $148.44.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Monday, August 27th. The company reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.12. The business had revenue of $429.00 million during the quarter, compared to analyst estimates of $429.13 million. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. The company’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. sell-side analysts expect that American Woodmark Co. will post 7.62 earnings per share for the current year.

Several equities research analysts recently weighed in on AMWD shares. Zacks Investment Research lowered American Woodmark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. Wells Fargo & Co started coverage on American Woodmark in a report on Wednesday, June 27th. They issued a “market perform” rating and a $100.00 price objective for the company. ValuEngine lowered American Woodmark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Finally, BidaskClub raised American Woodmark from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. American Woodmark has an average rating of “Hold” and an average target price of $112.00.

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.

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

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