Sei Investments Co. Boosts Stake in American Woodmark Corporation (AMWD)

Sei Investments Co. increased its position in American Woodmark Corporation (NASDAQ:AMWD) by 13.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 58,403 shares of the company’s stock after buying an additional 7,080 shares during the period. Sei Investments Co. owned approximately 0.36% of American Woodmark Corporation worth $5,580,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of American Woodmark Corporation during the fourth quarter worth $11,577,000. First National Bank of Omaha bought a new stake in shares of American Woodmark Corporation during the first quarter worth $799,000. Capstone Asset Management Co. boosted its stake in shares of American Woodmark Corporation by 8.3% in the first quarter. Capstone Asset Management Co. now owns 3,553 shares of the company’s stock worth $326,000 after buying an additional 273 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of American Woodmark Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the company’s stock worth $523,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of American Woodmark Corporation by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock worth $141,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Shares of American Woodmark Corporation (NASDAQ AMWD) opened at 95.00 on Thursday. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30. The firm has a market capitalization of $1.55 billion, a PE ratio of 21.89 and a beta of 1.41. The stock’s 50 day moving average price is $96.82 and its 200-day moving average price is $90.06.

American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. The company had revenue of $258.70 million for the quarter, compared to the consensus estimate of $264.30 million. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. On average, equities analysts anticipate that American Woodmark Corporation will post $4.99 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on AMWD shares. Zacks Investment Research cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Zelman & Associates cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th.

In other news, SVP Roger Perry Campbell sold 1,467 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $96.12, for a total value of $141,008.04. Following the transaction, the senior vice president now directly owns 15,141 shares of the company’s stock, valued at approximately $1,455,352.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Kent Guichard sold 9,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $94.25, for a total value of $933,075.00. Following the completion of the transaction, the chairman now directly owns 41,654 shares in the company, valued at $3,925,889.50. The disclosure for this sale can be found here. Insiders have sold 63,959 shares of company stock worth $6,113,542 over the last ninety days. Company insiders own 1.10% of the company’s stock.

American Woodmark Corporation Company 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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Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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