New York Life Investment Management LLC Acquires Shares of 44,218 American Woodmark Corporation $AMWD

New York Life Investment Management LLC bought a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 44,218 shares of the company’s stock, valued at approximately $2,952,000. New York Life Investment Management LLC owned 0.30% of American Woodmark as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Federated Hermes Inc. purchased a new stake in shares of American Woodmark during the third quarter worth $36,000. Canada Pension Plan Investment Board purchased a new position in American Woodmark in the second quarter valued at about $64,000. CWM LLC increased its position in American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares during the last quarter. EMC Capital Management acquired a new stake in American Woodmark in the second quarter valued at approximately $109,000. Finally, Osaic Holdings Inc. grew its position in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after acquiring an additional 357 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on AMWD shares. Robert W. Baird reissued a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of American Woodmark in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.00.

American Woodmark Stock Down 13.1%

Shares of NASDAQ AMWD opened at $59.74 on Thursday. American Woodmark Corporation has a 12-month low of $47.15 and a 12-month high of $78.88. The firm’s 50-day simple moving average is $58.69 and its 200 day simple moving average is $60.73. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. The company has a market cap of $870.41 million, a price-to-earnings ratio of 14.16 and a beta of 1.27.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The company had revenue of $394.64 million during the quarter, compared to the consensus estimate of $410.62 million. During the same period in the prior year, the firm posted $2.08 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.