University of Texas Texas AM Investment Management Co. Sells 9,698 Shares of American Woodmark Co. (NASDAQ:AMWD)

University of Texas Texas AM Investment Management Co. reduced its position in American Woodmark Co. (NASDAQ:AMWD) by 56.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,337 shares of the company’s stock after selling 9,698 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in American Woodmark were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of American Woodmark during the 2nd quarter valued at $418,000. The Manufacturers Life Insurance Company boosted its stake in shares of American Woodmark by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,968 shares of the company’s stock worth $626,000 after acquiring an additional 376 shares during the period. Millennium Management LLC boosted its stake in shares of American Woodmark by 33.2% in the second quarter. Millennium Management LLC now owns 184,559 shares of the company’s stock worth $14,506,000 after acquiring an additional 46,002 shares during the period. Squarepoint Ops LLC grew its position in shares of American Woodmark by 305.1% during the second quarter. Squarepoint Ops LLC now owns 13,898 shares of the company’s stock worth $1,092,000 after purchasing an additional 10,467 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new stake in American Woodmark during the 2nd quarter valued at approximately $6,209,000. 95.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMWD has been the subject of several recent analyst reports. Robert W. Baird dropped their price target on American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, August 14th. Finally, Loop Capital dropped their price objective on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.00.

American Woodmark Trading Up 0.0 %

AMWD stock opened at $93.46 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of 13.09 and a beta of 1.61. The firm has a fifty day moving average price of $91.84 and a 200 day moving average price of $90.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark Co. has a fifty-two week low of $65.01 and a fifty-two week high of $106.57.

American Woodmark (NASDAQ:AMWD) last posted its earnings results 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). The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 earnings per share.

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.