Louisiana State Employees Retirement System Acquires Shares of 8,200 American Woodmark Co. (NASDAQ:AMWD)

Louisiana State Employees Retirement System acquired a new stake in American Woodmark Co. (NASDAQ:AMWD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,200 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in American Woodmark by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,616,710 shares of the company’s stock valued at $122,239,000 after purchasing an additional 34,735 shares during the period. Pacer Advisors Inc. boosted its holdings in American Woodmark by 49.6% in the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock valued at $51,377,000 after purchasing an additional 183,336 shares during the period. Invesco Ltd. raised its position in shares of American Woodmark by 51.8% in the 3rd quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock valued at $23,665,000 after buying an additional 106,748 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of American Woodmark by 91.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 104,274 shares of the company’s stock valued at $7,884,000 after buying an additional 49,903 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of American Woodmark by 24.4% in the 3rd quarter. AQR Capital Management LLC now owns 101,973 shares of the company’s stock valued at $7,710,000 after buying an additional 20,019 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMWD shares. StockNews.com cut shares of American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Robert W. Baird boosted their target price on shares of American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, American Woodmark currently has an average rating of “Hold” and an average price target of $93.25.

American Woodmark Price Performance

AMWD stock opened at $92.92 on Friday. The company has a 50 day simple moving average of $96.54 and a 200 day simple moving average of $88.02. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 12.82 and a beta of 1.73. American Woodmark Co. has a 1 year low of $47.98 and a 1 year high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.53. The business had revenue of $422.10 million during the quarter, compared to analysts’ expectations of $394.56 million. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. Research analysts anticipate that American Woodmark Co. will post 8.6 EPS for the current fiscal year.

American Woodmark Company 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.