GSA Capital Partners LLP Invests $297,000 in American Woodmark Co. (NASDAQ:AMWD)

GSA Capital Partners LLP purchased a new position in American Woodmark Co. (NASDAQ:AMWD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,176 shares of the company’s stock, valued at approximately $297,000.

A number of other hedge funds have also modified their holdings of AMWD. CWM LLC increased its position in American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares during the last quarter. Innealta Capital LLC acquired a new position in American Woodmark during the second quarter worth $66,000. Picton Mahoney Asset Management acquired a new position in American Woodmark during the second quarter worth $71,000. DekaBank Deutsche Girozentrale increased its position in 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 last quarter. Finally, SG Americas Securities LLC increased its position in American Woodmark by 33.2% during the second quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock worth $193,000 after buying an additional 612 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMWD has been the topic of several research analyst reports. Robert W. Baird raised their price target on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Finally, Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and raised their price target for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $97.24 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The firm has a market cap of $1.51 billion, a P/E ratio of 14.02 and a beta of 1.61. The firm has a 50 day simple moving average of $94.43 and a 200 day simple moving average of $90.39. American Woodmark Co. has a fifty-two week low of $70.58 and a fifty-two week high of $106.57.

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 for the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. American Woodmark’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS.

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.