Grace & White Inc. NY Sells 1,250 Shares of American Woodmark Corporation $AMWD

Grace & White Inc. NY lessened its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,395 shares of the company’s stock after selling 1,250 shares during the quarter. American Woodmark accounts for 1.0% of Grace & White Inc. NY’s investment portfolio, making the stock its 29th largest position. Grace & White Inc. NY’s holdings in American Woodmark were worth $5,411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMWD. GAMMA Investing LLC grew its stake in American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after purchasing an additional 197 shares during the period. Farther Finance Advisors LLC grew its stake in 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. State of Wyoming bought a new position in American Woodmark in the 1st quarter valued at $172,000. XTX Topco Ltd bought a new position in American Woodmark in the 1st quarter valued at $204,000. Finally, PNC Financial Services Group Inc. grew its stake in American Woodmark by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $234,000 after purchasing an additional 193 shares during the period. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 3.6%

AMWD stock opened at $64.39 on Friday. 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 company has a market capitalization of $938.16 million, a price-to-earnings ratio of 11.52 and a beta of 1.19. American Woodmark Corporation has a fifty-two week low of $50.00 and a fifty-two week high of $104.28. The stock has a fifty day moving average of $65.22 and a 200-day moving average of $59.31.

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

Analysts Set New Price Targets

AMWD has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday. Robert W. Baird increased their price target on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.