GSA Capital Partners LLP Makes New Investment in American Woodmark Co. (NASDAQ:AMWD)

GSA Capital Partners LLP purchased a new position in shares of American Woodmark Co. (NASDAQ:AMWD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,176 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC increased its stake in shares of American Woodmark by 4.5% during the 3rd quarter. WCM Investment Management LLC now owns 187,044 shares of the company’s stock worth $17,388,000 after purchasing an additional 8,059 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in American Woodmark by 54.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 15,875 shares of the company’s stock valued at $1,474,000 after buying an additional 5,598 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in American Woodmark by 98.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 69,502 shares of the company’s stock valued at $6,495,000 after purchasing an additional 34,402 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in American Woodmark in the 3rd quarter valued at about $234,000. Finally, Guidance Capital Inc. boosted its holdings in American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after purchasing an additional 119 shares during the period. 95.47% of the stock is owned by institutional investors.

American Woodmark Trading Up 2.6 %

NASDAQ:AMWD opened at $97.24 on Friday. American Woodmark Co. has a 12 month low of $70.58 and a 12 month high of $106.57. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.02 and a beta of 1.61. The firm has a fifty day simple moving average of $94.43 and a two-hundred day simple moving average of $90.39. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same period last year, the business posted $2.78 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMWD shares. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, August 14th. Robert W. Baird upped their price target on shares of American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares in the company, valued at approximately $10,514,012.08. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

About American Woodmark

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.