State of Alaska Department of Revenue Has $470,000 Position in American Woodmark Corporation $AMWD

State of Alaska Department of Revenue boosted its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,824 shares of the company’s stock after buying an additional 482 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of American Woodmark worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMWD. GAMMA Investing LLC lifted its stake in shares of American Woodmark by 35.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the period. Farther Finance Advisors LLC lifted its stake 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. Wedge Capital Management L L P NC acquired a new position in shares of American Woodmark in the 2nd quarter valued at about $1,003,000. First Hawaiian Bank lifted its stake in shares of American Woodmark by 77.0% in the 1st quarter. First Hawaiian Bank now owns 10,566 shares of the company’s stock valued at $622,000 after purchasing an additional 4,595 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of American Woodmark by 81.5% in the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after purchasing an additional 11,136 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Stock Performance

Shares of AMWD opened at $67.67 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. The stock has a 50 day moving average price of $64.70 and a two-hundred day moving average price of $59.24. The firm has a market capitalization of $985.95 million, a P/E ratio of 12.11 and a beta of 1.19. American Woodmark Corporation has a 52 week low of $50.00 and a 52 week high of $104.28.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). The company had revenue of $403.05 million for the quarter, compared to the consensus estimate of $420.64 million. American Woodmark had a return on equity of 9.43% and a net margin of 5.11%.The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 earnings per share.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMWD. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday. Robert W. Baird boosted their price objective on American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark presently has an average rating of “Hold” and an average price target of $70.00.

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.