Credit Industriel ET Commercial Buys New Stake in American Woodmark Corporation $AMWD

Credit Industriel ET Commercial purchased a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $2,670,000. Credit Industriel ET Commercial owned approximately 0.27% of American Woodmark as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMWD. Federated Hermes Inc. purchased a new stake in shares of American Woodmark during the 3rd quarter valued at about $36,000. Canada Pension Plan Investment Board bought a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $64,000. CWM LLC boosted its holdings in shares of American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares during the period. EMC Capital Management bought a new position in shares of American Woodmark during the 2nd quarter valued at approximately $109,000. Finally, Osaic Holdings Inc. increased its position in shares of American Woodmark by 19.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after purchasing an additional 357 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of American Woodmark in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.00.

American Woodmark Stock Up 2.9%

NASDAQ:AMWD opened at $58.76 on Monday. The company has a market cap of $856.13 million, a price-to-earnings ratio of 13.92 and a beta of 1.26. American Woodmark Corporation has a twelve month low of $47.15 and a twelve month high of $78.88. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $58.80 and a 200-day simple moving average of $60.81.

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

American Woodmark Company Profile

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.