New York State Teachers Retirement System Cuts Position in American Woodmark Co. (NASDAQ:AMWD)

New York State Teachers Retirement System reduced its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,165 shares of the company’s stock after selling 1,598 shares during the period. New York State Teachers Retirement System owned about 0.06% of American Woodmark worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of American Woodmark during the second quarter worth about $66,000. Picton Mahoney Asset Management acquired a new stake in shares of American Woodmark during the second quarter worth about $71,000. DekaBank Deutsche Girozentrale boosted its stake in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of American Woodmark by 67.8% in the first quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock valued at $159,000 after purchasing an additional 631 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Price Performance

American Woodmark stock opened at $100.74 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $92.12 and a 200-day simple moving average of $90.07. The stock has a market cap of $1.56 billion, a P/E ratio of 14.92 and a beta of 1.61. American Woodmark Co. has a 12-month low of $70.58 and a 12-month high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same period last year, the firm earned $2.78 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis.

Insiders Place Their Bets

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AMWD. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Robert W. Baird lifted their target price on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and upped their price target for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.00.

American Woodmark Profile

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.