Rhumbline Advisers boosted its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,205 shares of the company’s stock after purchasing an additional 1,127 shares during the quarter. Rhumbline Advisers owned about 0.17% of American Woodmark worth $2,715,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in AMWD. Alps Advisors Inc. lifted its holdings in shares of American Woodmark by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock worth $530,000 after buying an additional 15 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of American Woodmark by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock worth $176,000 after buying an additional 18 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of American Woodmark by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock worth $974,000 after buying an additional 86 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of American Woodmark by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,300 shares of the company’s stock worth $315,000 after buying an additional 100 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of American Woodmark by 3.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,135 shares of the company’s stock worth $395,000 after buying an additional 122 shares during the last quarter. 80.48% of the stock is owned by hedge funds and other institutional investors.
American Woodmark Co. (NASDAQ AMWD) opened at $118.85 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95. The company has a market capitalization of $1,885.37, a price-to-earnings ratio of 26.23 and a beta of 1.57. American Woodmark Co. has a 12 month low of $69.65 and a 12 month high of $136.05.
In related news, SVP Roger Perry Campbell sold 3,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $89.29, for a total value of $267,870.00. Following the completion of the transaction, the senior vice president now directly owns 11,415 shares in the company, valued at $1,019,245.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 18,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $117.75, for a total value of $2,119,500.00. The disclosure for this sale can be found here. Insiders sold 94,168 shares of company stock valued at $9,263,644 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on the company. BidaskClub lowered American Woodmark from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday. Finally, Robert W. Baird upped their price target on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, December 4th.
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American Woodmark Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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