Texas Permanent School Fund Corp Sells 1,841 Shares of American Woodmark Co. (NASDAQ:AMWD)

Texas Permanent School Fund Corp lowered its stake in American Woodmark Co. (NASDAQ:AMWD) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,185 shares of the company’s stock after selling 1,841 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of American Woodmark worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMWD. Quantedge Capital Pte Ltd bought a new stake in American Woodmark in the fourth quarter valued at $1,950,000. Vanguard Group Inc. increased its position in American Woodmark by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock valued at $157,017,000 after buying an additional 74,371 shares in the last quarter. Keeley Teton Advisors LLC raised its stake in American Woodmark by 66.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock worth $2,436,000 after buying an additional 9,576 shares during the period. Quadrature Capital Ltd bought a new position in American Woodmark in the first quarter worth approximately $561,000. Finally, Acadian Asset Management LLC increased its holdings in shares of American Woodmark by 31.1% during the second quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after acquiring an additional 6,947 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $93.61 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 50-day moving average of $91.64 and a 200-day moving average of $90.84. American Woodmark Co. has a one year low of $65.01 and a one year high of $106.57. The company has a market cap of $1.46 billion, a P/E ratio of 13.11 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm had revenue of $459.10 million for the quarter, compared to the consensus estimate of $475.37 million. During the same period in the prior year, the business earned $2.78 EPS. American Woodmark’s quarterly revenue was down 7.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

AMWD has been the topic of a number of recent research reports. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. 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, Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.00.

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.