In a recent disclosure with the Securities and Exchange Commission, Arizona State Retirement System revealed its latest purchase position in American Woodmark Co. (NASDAQ:AMWD) during the 4th quarter. The fund purchased an impressive 4,682 shares of the company’s stock valued at approximately $229,000.
This news is indeed intriguing given the current state of the world, especially as we face considerable economic impacts from the ongoing pandemic. However, it would seem that Arizona State Retirement System believes that American Woodmark Co. is worth investing in.
American Woodmark (NASDAQ:AMWD) experienced a rocky Q1 earnings report; on February 28th, it released an announcement revealing that it missed quarterly EPS estimates by $0.29 with $1.46 EPS for Q1 – unsurprisingly falling short of analysts’ predictions. The firm raked in revenue totaling $480.70 million during this time compared to analysts’ high expectations for $508.43 million.
Despite these shortcomings, investors can breathe easy knowing that American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. Further reassuring investors were reports that American Woodmark’s quarterly revenue for this period experienced positive growth – up by 4.6% compared to last year’s figures in Q1 while earning $0.60 EPS during the same period in the prior year.
It remains to be seen whether or not Arizona State Retirement System’s decision will bear fruit long-term; however, data suggests there is certainly room for potential growth on American Woodmark’s end considering its successful performance last year and potential opportunities as economic fallout Covid-19 become more predictable moving forward.
For now, all we can do is hold our breaths as May 25, 2023 approaches and market trends take their course amid unprecedented global challenge to discern who come out victorious atop millions upon millions of dollars invested across various enterprises.
Institutional Investors Invest Millions in American Woodmark and Increase Their Stake in the Company to 90.60%
Institutional investors have been making moves to adjust their stakes in American Woodmark, with recent investments totaling millions of dollars. Quantbot Technologies LP purchased a new position in the company during the third quarter, spending a significant $82,000 in the process. Legato Capital Management LLC also invested sizable sums in American Woodmark during the fourth quarter, buying up shares worth approximately $982,000.
Alpha DNA Investment Management LLC also entered the fray during the third quarter, buying up shares worth a total of $496,000. Frontier Capital Management Co. LLC increased its existing position in American Woodmark by 2.2%, now owning 105,429 shares valued at $4,624,000 after purchasing an additional 2,314 shares recently. Finally, SummerHaven Investment Management LLC also expanded its position in American Woodmark by 1.2% during the fourth quarter to hold a total of 17,103 shares that are valued at around $836,000.
These transactions have made institutional investors significant stakeholders in America’s Woodmark Co., as they now hold an impressive 90.60% of the company’s stocks.
The AMWD stock opened at $53.99 on May 25th and currently holds a fifty day simple moving average of $51.03 while its two hundred day MOV is roughly around $52.91 presently. The company is moderately leveraged with debt-to-equity ratio standing at approximately 0.52 and has good liquidity coverage ratios with current ratio at 2:45 and quick ratio at around 1:11 respectively.
American Woodmark has been doing relatively well since its inception given its market cap equivalent to $898.12 million overseen by a reasonable price-to-earnings ratio (P/E) of about 11:51 as well as beta value placed at around one point eight-one (1:81) approximating towards market volatility. American Woodmark has also seen significant growth over the past year, with market prices fluctuating from a one-year low of $40.70 up to an impressive high of $60.78.
In summation, investment activity concerning institutional investors in American Woodmark has been on an upward trend in recent times, with millions spent on its stocks across various quarters. It’s exciting to see such bullishness within America’s Wood Mark co-development signaling substantial prospects for sustained business growth as well as potential rise in share value thereby benefiting these esteemed stakeholders and investing community at large.
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