Norges Bank Makes New $10.03 Million Investment in American Woodmark Co. (NASDAQ:AMWD)

Norges Bank bought a new position in American Woodmark Co. (NASDAQ:AMWDFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 107,988 shares of the company’s stock, valued at approximately $10,027,000. Norges Bank owned 0.66% of American Woodmark at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of American Woodmark by 2.2% in the third quarter. Vanguard Group Inc. now owns 1,616,710 shares of the company’s stock worth $122,239,000 after buying an additional 34,735 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of American Woodmark by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,206,036 shares of the company’s stock worth $111,981,000 after buying an additional 69,101 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of American Woodmark by 49.6% in the fourth quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after buying an additional 183,336 shares during the period. Invesco Ltd. boosted its holdings in shares of American Woodmark by 51.8% in the third quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock worth $23,665,000 after buying an additional 106,748 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of American Woodmark by 5.5% in the fourth quarter. LSV Asset Management now owns 139,958 shares of the company’s stock worth $12,995,000 after buying an additional 7,338 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Woodmark

In other American Woodmark news, Director Philip D. Fracassa acquired 600 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $86.66 per share, with a total value of $51,996.00. Following the completion of the transaction, the director now owns 600 shares in the company, valued at $51,996. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

AMWD has been the subject of several research reports. StockNews.com cut shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Robert W. Baird decreased their price target on shares of American Woodmark from $122.00 to $116.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Finally, Loop Capital decreased their price target on shares of American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Woodmark currently has a consensus rating of “Hold” and an average target price of $95.75.

Check Out Our Latest Research Report on American Woodmark

American Woodmark Price Performance

Shares of AMWD opened at $85.76 on Thursday. The firm has a market cap of $1.36 billion, a PE ratio of 12.01 and a beta of 1.67. The firm’s 50 day moving average price is $93.80 and its 200 day moving average price is $91.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 2.06. American Woodmark Co. has a twelve month low of $63.11 and a twelve month high of $104.28.

American Woodmark (NASDAQ:AMWDGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $453.28 million for the quarter, compared to the consensus estimate of $437.80 million. American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. As a group, research analysts expect that American Woodmark Co. will post 8.31 EPS for the current fiscal year.

American Woodmark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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