Texas Permanent School Fund reduced its position in American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,124 shares of the company’s stock after selling 814 shares during the period. Texas Permanent School Fund owned about 0.07% of American Woodmark worth $544,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors increased its holdings in American Woodmark by 114.6% in the first quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock worth $61,000 after buying an additional 667 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of American Woodmark during the 3rd quarter worth $65,000. Quantbot Technologies LP bought a new position in shares of American Woodmark during the 3rd quarter valued at $82,000. Public Employees Retirement System of Ohio lifted its stake in shares of American Woodmark by 13.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,382 shares of the company’s stock valued at $104,000 after purchasing an additional 285 shares during the last quarter. Finally, UBS Group AG boosted its holdings in American Woodmark by 3,874.2% in the third quarter. UBS Group AG now owns 2,623 shares of the company’s stock worth $116,000 after purchasing an additional 2,557 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on American Woodmark in a research report on Thursday. They issued a “hold” rating for the company.
American Woodmark Stock Performance
American Woodmark (NASDAQ:AMWD – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.29). The business had revenue of $480.70 million during the quarter, compared to the consensus estimate of $508.43 million. American Woodmark had a return on equity of 13.95% and a net margin of 3.74%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts anticipate that American Woodmark Co. will post 6.75 EPS for the current year.
American Woodmark Company Profile
American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.
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