Texas Permanent School Fund Invests $544,000 in American Woodmark Co.
June 22, 2023
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The Texas Permanent School Fund recently made a significant investment in American Woodmark ($NASDAQ:AMWD) Corporation. According to Defense World, the Fund holds a $544,000 stock position in the company. American Woodmark Corporation is a major kitchen and bath cabinet manufacturer based in Winchester, Virginia. The company has a long history of providing high-quality products to its customers, ranging from small kitchen cabinets to large-scale installations. With their impressive portfolio of cabinetry and other home improvement products, American Woodmark Corporation has become an industry leader in the United States.
The stock position held by the Texas Permanent School Fund is testament to American Woodmark Corporation’s strong performance and growth potential. With a long-standing commitment to quality and innovation, American Woodmark Corporation provides an excellent investment opportunity for investors looking to diversify their portfolios. It’s no surprise that the Permanent School Fund has chosen to invest in this company, given its impressive track record and consistent financial success.
Price History
Following the announcement, AWC’s stock opened at $55.0 and closed at $54.9, with a 1.0% increase from the prior closing price of 54.3. The investment is likely to benefit American Woodmark and its shareholders as the company is expected to take advantage of the increased capital, which may result in improved financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American Woodmark. More…
| Total Revenues | Net Income | Net Margin |
| 2.07k | 93.72 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American Woodmark. More…
| Operations | Investing | Financing |
| 196.73 | -43.23 | -134.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American Woodmark. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.52k | 645.01 | 50.72 |
Key Ratios Snapshot
Some of the financial key ratios for American Woodmark are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 1.4% | 6.7% |
| FCF Margin | ROE | ROA |
| 9.5% | 10.3% | 5.7% |
Analysis
At GoodWhale, we take a deep dive into the financials of AMERICAN WOODMARK to provide our users with an informed assessment of the company. Through our risk rating algorithm, we determine that AMERICAN WOODMARK is a medium risk investment. Our platform provides detailed analysis and insights into both the business and financial aspects of the company that may have potential risks. By registering on our website, users can access this analysis and make an informed decision about their investments. More…
Peers
There is fierce competition between American Woodmark Corp and its competitors LGI Homes Inc, Landbay Inc, and Yotrio Group Co Ltd. All three companies are vying for market share in the wood cabinetry market. American Woodmark Corp has a strong presence in the United States, while its competitors are based in China. Yotrio Group Co Ltd is the largest of the three companies, but all three are well-established and have a loyal customer base.
– LGI Homes Inc ($NASDAQ:LGIH)
LGI Homes Inc is a homebuilding company that focuses on the development and construction of entry-level homes for first-time homebuyers. It has a market cap of 2.15B as of 2022 and a ROE of 19.45%. The company operates in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, Oklahoma, South Carolina, Colorado, Washington, and Tennessee.
– Landbay Inc ($OTCPK:LNBY)
Landbay Inc is a real estate lending platform that enables investors to earn interest from loans secured by UK property. The company has a market capitalization of £9.75 million and a return on equity of 37.4%. Landbay offers a variety of investment products, including fixed-rate bonds and peer-to-peer loans, that offer attractive returns and are backed by physical property. The company is headquartered in London, England.
– Yotrio Group Co Ltd ($SZSE:002489)
Yotrio Group Co Ltd is a company that manufactures and sells outdoor products. It has a market cap of 7.48B as of 2022 and a Return on Equity of -1.47%. The company’s products include tents, awnings, and other outdoor gear. It also operates an online store.
Summary
American Woodmark Corporation has recently seen an increase in investments in the company from the Texas Permanent School Fund, who have acquired a $544,000 stock position. This indicates a strong vote of confidence in the strength and growth of the company. Analysts have noted that the company has strong demand from consumers since its products are highly sought-after due to their low-cost, good quality construction, along with their broad selection and availability.
Additionally, American Woodmark Corporation’s management team has been able to drive the company’s performance despite economic headwinds. These factors have contributed to steady revenue and earnings growth over recent years, signaling a strong future for the company and investors.
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