Louisiana State Employees Retirement System Sells 500 Shares of American Woodmark Co. (NASDAQ:AMWD)

Louisiana State Employees Retirement System lowered its stake in American Woodmark Co. (NASDAQ:AMWD) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,500 shares of the company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Woodmark were worth $701,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in American Woodmark by 98.0% during the third quarter. Assenagon Asset Management S.A. now owns 69,502 shares of the company’s stock worth $6,495,000 after purchasing an additional 34,402 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of American Woodmark in the 3rd quarter worth approximately $234,000. Guidance Capital Inc. raised its holdings in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after purchasing an additional 119 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of American Woodmark by 1,442.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,421 shares of the company’s stock worth $2,749,000 after purchasing an additional 27,513 shares during the period. Finally, Creative Planning bought a new stake in American Woodmark during the 3rd quarter valued at $312,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, August 14th. Robert W. Baird boosted their price objective on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.00.

American Woodmark Trading Up 1.6 %

Shares of American Woodmark stock opened at $92.68 on Tuesday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.73 and a beta of 1.61. American Woodmark Co. has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The stock has a 50 day moving average of $91.34 and a 200 day moving average of $89.87.

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

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares in the company, valued at approximately $10,514,012.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

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.