Citigroup Inc. Increases Position in American Woodmark Corporation $AMWD

Citigroup Inc. grew its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 2,117.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,343 shares of the company’s stock after purchasing an additional 382,291 shares during the quarter. Citigroup Inc. owned approximately 2.75% of American Woodmark worth $26,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new position in shares of American Woodmark in the third quarter valued at approximately $36,000. Canada Pension Plan Investment Board purchased a new position in American Woodmark during the 2nd quarter valued at about $64,000. CWM LLC raised its position in shares of American Woodmark by 116.0% during 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 last quarter. EMC Capital Management purchased a new stake in shares of American Woodmark in the second quarter valued at $109,000. Finally, Osaic Holdings Inc. lifted its holdings in American Woodmark by 19.9% in 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 in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMWD has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 price objective (up from $57.00) on shares of American Woodmark in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Woodmark presently has an average rating of “Hold” and an average target price of $66.00.

American Woodmark Trading Down 2.8%

American Woodmark stock opened at $51.96 on Thursday. American Woodmark Corporation has a 52-week low of $47.15 and a 52-week high of $73.98. The firm has a market capitalization of $757.06 million, a price-to-earnings ratio of 12.31 and a beta of 1.27. The firm has a 50-day moving average price of $58.84 and a two-hundred day moving average price of $60.77. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.76 EPS 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 return on equity of 7.13% and a net margin of 3.94%.The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share.

About American Woodmark

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.