Meeder Asset Management Inc. Makes New Investment in American Woodmark Co. (NASDAQ:AMWD)

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Meeder Asset Management Inc. acquired a new position in American Woodmark Co. (NASDAQ:AMWD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 830 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of American Woodmark by 11.0% in the first quarter. Bank of Montreal Can now owns 1,263 shares of the company’s stock worth $104,000 after purchasing an additional 125 shares during the period. Arizona State Retirement System increased its stake in shares of American Woodmark by 0.6% in the second quarter. Arizona State Retirement System now owns 23,289 shares of the company’s stock worth $1,971,000 after purchasing an additional 129 shares during the period. Piedmont Investment Advisors Inc. increased its stake in shares of American Woodmark by 3.7% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,768 shares of the company’s stock worth $311,000 after purchasing an additional 134 shares during the period. Texas Permanent School Fund increased its stake in shares of American Woodmark by 1.4% in the first quarter. Texas Permanent School Fund now owns 10,194 shares of the company’s stock worth $842,000 after purchasing an additional 139 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of American Woodmark by 1.8% in the first quarter. New York State Teachers Retirement System now owns 8,203 shares of the company’s stock worth $678,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Several brokerages recently issued reports on AMWD. Sidoti lowered their price target on American Woodmark from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, August 19th. BidaskClub lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Co boosted their price target on American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, ValuEngine lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $98.20.

Shares of AMWD opened at $77.31 on Wednesday. American Woodmark Co. has a 12-month low of $53.35 and a 12-month high of $92.99. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.09 and a beta of 2.35. The stock’s 50-day moving average price is $80.37 and its 200 day moving average price is $82.31.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. American Woodmark had a return on equity of 19.51% and a net margin of 5.09%. The business had revenue of $427.40 million for the quarter, compared to the consensus estimate of $433.15 million. During the same period in the previous year, the business earned $2.04 EPS. American Woodmark’s revenue was down .4% compared to the same quarter last year. Equities research analysts expect that American Woodmark Co. will post 7.3 EPS for the current year.

About American Woodmark

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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