New York Life Investment Management LLC Makes New $2.95 Million Investment in American Woodmark Corporation $AMWD

New York Life Investment Management LLC bought a new stake in shares of American Woodmark Corporation (NASDAQ:AMWD) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 44,218 shares of the company’s stock, valued at approximately $2,952,000.

A number of other large investors also recently made changes to their positions in the stock. Cooke & Bieler LP increased its stake in shares of American Woodmark by 3.7% in the 3rd quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock valued at $62,118,000 after acquiring an additional 32,832 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in American Woodmark during the second quarter valued at approximately $255,000. Systematic Financial Management LP increased its stake in American Woodmark by 7.3% in the second quarter. Systematic Financial Management LP now owns 391,562 shares of the company’s stock valued at $20,898,000 after purchasing an additional 26,633 shares in the last quarter. US Bancorp DE increased its stake in American Woodmark by 21.1% in the second quarter. US Bancorp DE now owns 22,542 shares of the company’s stock valued at $1,203,000 after purchasing an additional 3,921 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in American Woodmark in the second quarter worth $212,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Down 13.1%

Shares of AMWD stock opened at $59.74 on Thursday. The firm has a fifty day moving average of $58.69 and a 200-day moving average of $60.73. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. American Woodmark Corporation has a 12-month low of $47.15 and a 12-month high of $78.88. The company has a market capitalization of $870.41 million, a price-to-earnings ratio of 14.16 and a beta of 1.27.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.44). The company had revenue of $394.64 million during the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a net margin of 3.94% and a return on equity of 7.13%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.08 earnings per share.

Wall Street Analysts Forecast Growth

AMWD has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and set a $60.00 target price (up from $57.00) on shares of American Woodmark in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.00.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.