Public Employees Retirement Association of Colorado Sells 124 Shares of American Woodmark Co. (NASDAQ:AMWD)

Public Employees Retirement Association of Colorado trimmed its position in American Woodmark Co. (NASDAQ:AMWD) by 5.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,343 shares of the company’s stock after selling 124 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Woodmark were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMWD. Allianz Asset Management GmbH grew its position in American Woodmark by 421.0% in the 4th quarter. Allianz Asset Management GmbH now owns 154,806 shares of the company’s stock worth $14,374,000 after purchasing an additional 125,095 shares in the last quarter. Norges Bank bought a new position in shares of American Woodmark during the 4th quarter valued at approximately $10,027,000. Renaissance Technologies LLC grew its position in shares of American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after acquiring an additional 103,801 shares during the period. Hennessy Advisors Inc. bought a new position in shares of American Woodmark during the 2nd quarter valued at approximately $6,602,000. Finally, Cooke & Bieler LP grew its position in shares of American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares during the period. 95.47% of the stock is owned by institutional investors.

American Woodmark Stock Performance

Shares of AMWD stock opened at $92.96 on Monday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 13.02 and a beta of 1.61. 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’s 50 day moving average is $91.79 and its 200 day moving average is $90.70. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced 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 business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter in the previous year, the company posted $2.78 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMWD. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, August 14th. Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Loop Capital reduced their target price on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Finally, Robert W. Baird reduced their target price on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.00.

About American Woodmark

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.