American Woodmark Co. (NASDAQ:AMWD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in American Woodmark Co. (NASDAQ:AMWD) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,951 shares of the company’s stock after selling 214 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of American Woodmark worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AMWD. Pzena Investment Management LLC grew its holdings in American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after buying an additional 179,644 shares during the period. Point72 Asset Management L.P. purchased a new stake in American Woodmark in the 3rd quarter valued at about $15,967,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in American Woodmark in the 3rd quarter valued at about $9,195,000. Franklin Resources Inc. grew its holdings in American Woodmark by 249.1% in the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after buying an additional 72,600 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in American Woodmark in the 3rd quarter valued at about $5,261,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Transactions at American Woodmark

In other news, Director James G. Davis sold 1,250 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the sale, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the sale, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by corporate insiders.

American Woodmark Stock Performance

AMWD stock opened at $70.68 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.06 billion, a P/E ratio of 10.57 and a beta of 1.61. American Woodmark Co. has a 12-month low of $69.94 and a 12-month high of $106.57. The stock’s 50 day simple moving average is $78.78 and its 200 day simple moving average is $87.53.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The company had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.36 earnings per share.

Analyst Ratings Changes

Several analysts have commented on AMWD shares. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $114.00.

American Woodmark 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.