American Woodmark Co. (NASDAQ:AMWD) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in American Woodmark Co. (NASDAQ:AMWD) by 305.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,898 shares of the company’s stock after buying an additional 10,467 shares during the period. Squarepoint Ops LLC owned 0.09% of American Woodmark worth $1,092,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its position in shares of American Woodmark by 5.0% during the first quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock worth $329,000 after acquiring an additional 154 shares during the last quarter. SummerHaven Investment Management LLC grew its position in American Woodmark by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock worth $793,000 after purchasing an additional 176 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of American Woodmark by 3.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after purchasing an additional 203 shares during the period. Ritholtz Wealth Management raised its holdings in shares of American Woodmark by 5.8% during the second quarter. Ritholtz Wealth Management now owns 6,763 shares of the company’s stock valued at $532,000 after buying an additional 371 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMWD. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, August 14th. Loop Capital decreased their target price on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Finally, Robert W. Baird dropped their price target on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, American Woodmark has a consensus rating of “Hold” and an average price target of $102.00.

American Woodmark Price Performance

Shares of American Woodmark stock opened at $92.09 on Friday. American Woodmark Co. has a 52 week low of $65.01 and a 52 week high of $106.57. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.44 billion, a PE ratio of 12.90 and a beta of 1.61. The company’s 50-day moving average price is $91.64 and its two-hundred day moving average price is $90.62.

American Woodmark (NASDAQ:AMWD) last released its 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 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 firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the transaction, the chief executive officer now directly owns 113,432 shares in the company, valued at $10,514,012.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

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.