Texas Permanent School Fund Corp Sells 1,841 Shares of American Woodmark Co. (NASDAQ:AMWD)

Texas Permanent School Fund Corp lessened its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 13.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,185 shares of the company’s stock after selling 1,841 shares during the period. Texas Permanent School Fund Corp’s holdings in American Woodmark were worth $958,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Quest Partners LLC increased its stake in shares of American Woodmark by 8,811.8% during the 2nd quarter. Quest Partners LLC now owns 14,348 shares of the company’s stock worth $1,128,000 after purchasing an additional 14,187 shares during the last quarter. LSV Asset Management increased its position in American Woodmark by 36.6% in the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock worth $17,946,000 after buying an additional 61,206 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of American Woodmark by 31.1% in the second quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after buying an additional 6,947 shares during the period. Victory Capital Management Inc. lifted its position in shares of American Woodmark by 8.9% during the 2nd quarter. Victory Capital Management Inc. now owns 15,293 shares of the company’s stock valued at $1,202,000 after buying an additional 1,250 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of American Woodmark by 7.0% during the 2nd quarter. TD Asset Management Inc now owns 12,200 shares of the company’s stock worth $959,000 after acquiring an additional 800 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMWD shares. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Loop Capital dropped their target price on American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.00.

American Woodmark Price Performance

AMWD stock opened at $93.61 on Friday. The firm has a 50 day moving average of $91.64 and a 200-day moving average of $90.84. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.46 billion, a P/E ratio of 13.11 and a beta of 1.61. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter last year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis.

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.