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

Public Sector Pension Investment Board lifted its position in American Woodmark Co. (NASDAQ:AMWD) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,869 shares of the company’s stock after purchasing an additional 2,018 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of American Woodmark worth $2,741,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in American Woodmark by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after buying an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Woodmark by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after acquiring an additional 7,496 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of American Woodmark by 9.8% in the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after purchasing an additional 129,692 shares during the last quarter. Finally, LSV Asset Management raised its position in American Woodmark by 36.6% in the 2nd quarter. LSV Asset Management now owns 228,320 shares of the company’s stock worth $17,946,000 after purchasing an additional 61,206 shares during the period. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Trading Up 1.9 %

AMWD opened at $92.96 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.02 and a beta of 1.61. American Woodmark Co. has a one year low of $65.01 and a one year high of $106.57. The business has a 50 day simple moving average of $91.79 and a two-hundred day simple moving average of $90.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The business had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Loop Capital reduced their price objective on American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Robert W. Baird reduced their price target on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $102.00.

American Woodmark Company 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.