Hsbc Holdings PLC Has $2.41 Million Position in American Woodmark Co. (NASDAQ:AMWD)
Hsbc Holdings PLC grew its stake in American Woodmark Co. (NASDAQ:AMWD) by 43.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,517 shares of the company’s stock after buying an additional 7,410 shares during the period. Hsbc Holdings PLC owned approximately 0.14% of American Woodmark worth $2,414,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in AMWD. LS Investment Advisors LLC raised its holdings in American Woodmark by 88.6% in the 4th quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock worth $127,000 after purchasing an additional 458 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of American Woodmark by 32.7% during the 4th quarter. Flinton Capital Management LLC now owns 2,210 shares of the company’s stock valued at $288,000 after acquiring an additional 544 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of American Woodmark by 20.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,215 shares of the company’s stock valued at $549,000 after acquiring an additional 712 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Woodmark by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 126,721 shares of the company’s stock valued at $16,505,000 after acquiring an additional 810 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of American Woodmark by 1.6% in the 1st quarter. Systematic Financial Management LP now owns 61,354 shares of the company’s stock worth $6,040,000 after purchasing an additional 983 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.
American Woodmark traded down $0.08, reaching $99.38, during trading hours on Monday, according to Marketbeat. The stock had a trading volume of 30,305 shares, compared to its average volume of 255,812. The company has a quick ratio of 1.52, a current ratio of 2.14 and a debt-to-equity ratio of 1.39. American Woodmark Co. has a 52-week low of $78.75 and a 52-week high of $148.44. The firm has a market cap of $1.74 billion, a P/E ratio of 18.96 and a beta of 1.83.
AMWD has been the topic of a number of recent analyst reports. BidaskClub cut shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 27th. Zacks Investment Research lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Friday, April 20th. ValuEngine lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Finally, Robert W. Baird lowered their target price on shares of American Woodmark from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, May 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $127.50.
In other news, insider Steven Cary Dunston sold 500 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $97.40, for a total transaction of $48,700.00. Following the completion of the transaction, the insider now directly owns 45,609 shares in the company, valued at approximately $4,442,316.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang purchased 2,000 shares of the stock in a transaction dated Wednesday, March 28th. The shares were acquired at an average price of $97.55 per share, with a total value of $195,100.00. Following the completion of the acquisition, the director now owns 13,170 shares in the company, valued at approximately $1,284,733.50. The disclosure for this purchase can be found here. Insiders sold a total of 8,401 shares of company stock valued at $851,309 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company offers framed stock cabinets in approximately 514 various cabinet lines, which include 85 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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