American Woodmark Corporation (AMWD) Position Increased by OxFORD Asset Management LLP
OxFORD Asset Management LLP increased its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 23.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,663 shares of the company’s stock after purchasing an additional 5,222 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.17% of American Woodmark Corporation worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Alps Advisors Inc. increased its holdings in American Woodmark Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock valued at $530,000 after purchasing an additional 15 shares during the period. Pinebridge Investments L.P. raised its position in American Woodmark Corporation by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after purchasing an additional 18 shares during the last quarter. Texas Permanent School Fund raised its position in American Woodmark Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock valued at $974,000 after purchasing an additional 86 shares during the last quarter. Arizona State Retirement System lifted its holdings in American Woodmark Corporation by 1.4% in the 1st quarter. Arizona State Retirement System now owns 7,265 shares of the company’s stock worth $667,000 after buying an additional 100 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in American Woodmark Corporation by 3.1% in the 2nd 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 period. Institutional investors own 80.30% of the company’s stock.
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In related news, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $80.55, for a total value of $40,275.00. Following the completion of the sale, the insider now owns 49,109 shares in the company, valued at $3,955,729.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $80.63, for a total value of $241,890.00. Following the completion of the sale, the director now owns 7,155 shares of the company’s stock, valued at approximately $576,907.65. The disclosure for this sale can be found here. Insiders sold a total of 45,928 shares of company stock worth $4,251,817 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Friday, September 1st. BidaskClub lowered American Woodmark Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
Shares of American Woodmark Corporation (NASDAQ AMWD) opened at 96.15 on Wednesday. The stock has a 50 day moving average of $88.88 and a 200 day moving average of $91.98. American Woodmark Corporation has a 52-week low of $69.65 and a 52-week high of $107.30. The stock has a market capitalization of $1.56 billion, a PE ratio of 21.95 and a beta of 1.45.
American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.14). American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The business had revenue of $276.83 million for the quarter, compared to the consensus estimate of $278.80 million. During the same period in the prior year, the business posted $1.32 earnings per share. American Woodmark Corporation’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that American Woodmark Corporation will post $4.94 earnings per share for the current year.
American Woodmark Corporation 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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