Norges Bank Acquires New Holdings in American Woodmark Co. (NASDAQ:AMWD)

Norges Bank purchased a new position in American Woodmark Co. (NASDAQ:AMWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 71,360 shares of the company's stock, valued at approximately $5,675,000. Norges Bank owned about 0.47% of American Woodmark as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company's stock worth $48,000 after purchasing an additional 377 shares during the period. KBC Group NV lifted its holdings in American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after buying an additional 352 shares during the period. R Squared Ltd bought a new stake in shares of American Woodmark in the 4th quarter worth approximately $87,000. KLP Kapitalforvaltning AS purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $239,000. Finally, EP Wealth Advisors LLC bought a new position in shares of American Woodmark during the third quarter valued at approximately $250,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Stock Up 0.4 %

Shares of AMWD stock traded up $0.25 during mid-day trading on Tuesday, reaching $56.82. 23,501 shares of the company's stock traded hands, compared to its average volume of 168,276. The company's 50-day moving average price is $63.81 and its 200-day moving average price is $79.46. The company has a market cap of $842.85 million, a P/E ratio of 8.49 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 12 month low of $52.20 and a 12 month high of $106.57.

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American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wolfe Research cut shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research note on Monday. Finally, StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $114.00.

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.