First Citizens Bank & Trust Co. Makes New Investment in American Woodmark Corporation $AMWD

First Citizens Bank & Trust Co. purchased a new position in shares of American Woodmark Corporation (NASDAQ:AMWD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,980 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in American Woodmark by 32.9% during the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after buying an additional 197 shares in the last quarter. CWM LLC lifted its holdings in shares of American Woodmark by 116.0% during the second quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after acquiring an additional 696 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of American Woodmark by 34,380.0% during the second quarter. Farther Finance Advisors LLC now owns 1,724 shares of the company’s stock valued at $92,000 after acquiring an additional 1,719 shares during the period. State of Wyoming bought a new position in shares of American Woodmark during the first quarter valued at $172,000. Finally, XTX Topco Ltd bought a new position in shares of American Woodmark during the first quarter valued at $204,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Performance

American Woodmark stock opened at $64.46 on Monday. The stock has a 50-day simple moving average of $66.11 and a 200 day simple moving average of $59.85. The company has a quick ratio of 1.05, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. American Woodmark Corporation has a 12-month low of $50.00 and a 12-month high of $104.28. The stock has a market capitalization of $939.18 million, a price-to-earnings ratio of 11.53 and a beta of 1.19.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The business had revenue of $403.05 million during the quarter, compared to the consensus estimate of $420.64 million. During the same period in the prior year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was down 12.2% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird lifted their price objective on American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a report on Friday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.00.

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.