Grace & White Inc. NY Has $4.42 Million Stock Position in American Woodmark Corporation $AMWD

Grace & White Inc. NY lessened its stake in American Woodmark Corporation (NASDAQ:AMWD) by 34.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,232 shares of the company’s stock after selling 35,163 shares during the quarter. Grace & White Inc. NY’s holdings in American Woodmark were worth $4,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMWD. GAMMA Investing LLC increased its holdings in American Woodmark by 35.8% during the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after buying an additional 285 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of American Woodmark in the 2nd quarter valued at about $64,000. CWM LLC increased its stake in shares of American Woodmark by 116.0% during the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Woodmark by 34,380.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock valued at $92,000 after purchasing an additional 1,719 shares during the period. Finally, EMC Capital Management acquired a new stake in American Woodmark in the 2nd quarter valued at about $109,000. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMWD shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, October 8th. Robert W. Baird dropped their price target on American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Woodmark has an average rating of “Hold” and a consensus price target of $64.50.

American Woodmark Trading Up 3.1%

Shares of AMWD stock opened at $56.86 on Friday. American Woodmark Corporation has a 12-month low of $47.15 and a 12-month high of $83.72. The company has a market capitalization of $828.39 million, a PE ratio of 13.47 and a beta of 1.27. The firm has a 50 day moving average price of $54.90 and a two-hundred day moving average price of $59.38. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.American Woodmark’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $2.08 EPS.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.