BlackRock Inc. boosted its holdings in American Woodmark Co. (NASDAQ:AMWD) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,943,653 shares of the company’s stock after purchasing an additional 51,876 shares during the period. BlackRock Inc. owned about 11.11% of American Woodmark worth $253,160,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of AMWD. Shell Asset Management Co. bought a new position in American Woodmark during the 4th quarter worth approximately $4,023,000. Frontier Capital Management Co. LLC lifted its holdings in American Woodmark by 58.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 70,270 shares of the company’s stock worth $9,153,000 after buying an additional 25,867 shares during the last quarter. Arizona State Retirement System lifted its holdings in American Woodmark by 222.0% during the 4th quarter. Arizona State Retirement System now owns 24,034 shares of the company’s stock worth $3,130,000 after buying an additional 16,569 shares during the last quarter. Rothschild Asset Management Inc. lifted its holdings in American Woodmark by 4.7% during the 3rd quarter. Rothschild Asset Management Inc. now owns 335,692 shares of the company’s stock worth $32,310,000 after buying an additional 15,145 shares during the last quarter. Finally, KAMES CAPITAL plc bought a new position in American Woodmark during the 4th quarter worth approximately $1,899,000. 75.58% of the stock is owned by hedge funds and other institutional investors.
American Woodmark Co. (NASDAQ:AMWD) opened at $111.75 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.68 and a debt-to-equity ratio of 1.57. American Woodmark Co. has a 1-year low of $78.75 and a 1-year high of $148.44. The company has a market capitalization of $1,960.00, a P/E ratio of 24.72 and a beta of 1.58.
A number of research firms have commented on AMWD. BidaskClub downgraded American Woodmark from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised American Woodmark from a “hold” rating to a “strong-buy” rating and set a $138.00 target price on the stock in a report on Friday. Longbow Research raised American Woodmark from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Finally, Robert W. Baird increased their target price on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $140.00.
In other news, major shareholder William F. Brandt sold 12,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $128.46, for a total transaction of $1,541,520.00. Following the sale, the insider now directly owns 1,764,245 shares in the company, valued at approximately $226,634,912.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $129.65, for a total value of $64,825.00. Following the sale, the insider now owns 47,109 shares in the company, valued at $6,107,681.85. The disclosure for this sale can be found here. Insiders have sold a total of 47,000 shares of company stock worth $6,153,810 over the last quarter. Insiders own 1.10% of the company’s stock.
American Woodmark 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.
Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.