American Woodmark Co. (NASDAQ:AMWD) Holdings Lowered by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 62.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,844 shares of the company’s stock after selling 22,873 shares during the period. South Dakota Investment Council owned about 0.08% of American Woodmark worth $1,285,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Castleview Partners LLC purchased a new stake in shares of American Woodmark during the third quarter valued at $39,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of American Woodmark during the third quarter valued at $42,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Woodmark by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,602 shares of the company’s stock valued at $121,000 after purchasing an additional 509 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of American Woodmark during the fourth quarter valued at $210,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of American Woodmark during the third quarter valued at $227,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

Shares of AMWD stock opened at $92.17 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. American Woodmark Co. has a fifty-two week low of $47.98 and a fifty-two week high of $104.28. The stock’s 50-day moving average is $96.58 and its two-hundred day moving average is $87.78. The firm has a market cap of $1.46 billion, a P/E ratio of 12.71 and a beta of 1.73.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.53. The business had revenue of $422.10 million for the quarter, compared to analyst estimates of $394.56 million. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. Analysts predict that American Woodmark Co. will post 8.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AMWD. StockNews.com lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Robert W. Baird upped their target price on American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.25.

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.