Skandinaviska Enskilda Banken AB publ Takes Position in American Woodmark Corporation $AMWD

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of American Woodmark Corporation (NASDAQ:AMWD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,320 shares of the company’s stock, valued at approximately $2,692,000. Skandinaviska Enskilda Banken AB publ owned 0.28% of American Woodmark as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in American Woodmark during the 3rd quarter valued at $3,430,000. Cooke & Bieler LP grew its position in shares of American Woodmark by 3.7% in the third quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock valued at $62,118,000 after purchasing an additional 32,832 shares in the last quarter. New York Life Investment Management LLC bought a new stake in shares of American Woodmark during the 3rd quarter valued at $2,952,000. Credit Industriel ET Commercial bought a new stake in shares of American Woodmark during the 3rd quarter valued at $2,670,000. Finally, Systematic Financial Management LP lifted its holdings in American Woodmark by 7.3% during the 2nd quarter. Systematic Financial Management LP now owns 391,562 shares of the company’s stock worth $20,898,000 after purchasing an additional 26,633 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMWD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. Robert W. Baird reissued a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of American Woodmark in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.00.

American Woodmark Price Performance

NASDAQ:AMWD opened at $57.38 on Friday. American Woodmark Corporation has a 52-week low of $47.15 and a 52-week high of $74.05. The stock has a fifty day moving average of $59.03 and a 200 day moving average of $60.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 2.15. The firm has a market capitalization of $835.97 million, a price-to-earnings ratio of 13.60 and a beta of 1.27.

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

About American Woodmark

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.