Municipal Employees Retirement System of Michigan Boosts Stake in American Woodmark Co. (AMWD)
Municipal Employees Retirement System of Michigan grew its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 63.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,380 shares of the company’s stock after buying an additional 2,080 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in American Woodmark were worth $518,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AMWD. Riverhead Capital Management LLC raised its position in shares of American Woodmark by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after buying an additional 599 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of American Woodmark by 78.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after buying an additional 612 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of American Woodmark during the 2nd quarter valued at $172,000. Pinebridge Investments L.P. raised its position in shares of American Woodmark by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after buying an additional 18 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new stake in shares of American Woodmark during the 3rd quarter valued at $236,000. Hedge funds and other institutional investors own 80.48% of the company’s stock.
A number of brokerages recently commented on AMWD. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, September 12th. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird lifted their target price on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday.
In related news, SVP Roger Perry Campbell sold 3,000 shares of American Woodmark stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total value of $267,870.00. Following the transaction, the senior vice president now owns 11,415 shares in the company, valued at approximately $1,019,245.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder William F. Brandt sold 18,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $117.75, for a total transaction of $2,119,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,168 shares of company stock worth $9,263,644. 1.10% of the stock is owned by corporate insiders.
American Woodmark Co. (AMWD) opened at $122.05 on Tuesday. The company has a market cap of $1,990.00, a price-to-earnings ratio of 28.50 and a beta of 1.57. American Woodmark Co. has a 52-week low of $69.65 and a 52-week high of $136.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95.
American Woodmark (NASDAQ:AMWD) last issued its earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The business had revenue of $274.80 million during the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a return on equity of 24.66% and a net margin of 8.05%. American Woodmark’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. analysts forecast that American Woodmark Co. will post 4.92 earnings per share for the current year.
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American Woodmark Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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