BlackRock Maintains 6.0% Stake in American Woodmark Corp.
Ticker: AMWD · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 794619
| Field | Detail |
|---|---|
| Company | American Woodmark CORP (AMWD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 6.0% of American Woodmark, showing continued institutional backing.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, disclosing its ownership in AMERICAN WOODMARK CORP as of December 31, 2023. This amendment (Amendment No. 2) indicates BlackRock's continued significant passive stake in the company, holding 1,000,000 shares of Common Stock, representing 6.0% of the class. This matters to investors because BlackRock, a major institutional investor, maintains a substantial position, signaling its long-term confidence in American Woodmark's value.
Why It Matters
BlackRock's continued significant ownership suggests institutional confidence in AMERICAN WOODMARK CORP, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk.
Analyst Insight
Investors should note BlackRock's continued substantial, passive stake in AMERICAN WOODMARK CORP, which can be interpreted as a vote of confidence in the company's long-term value, but does not suggest any immediate strategic changes.
Key Numbers
- 1,000,000 — Shares Beneficially Owned (BlackRock's total shares in AMERICAN WOODMARK CORP)
- 6.0% — Percentage of Class (BlackRock's ownership stake in AMERICAN WOODMARK CORP)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership is reported)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- AMERICAN WOODMARK CORP (company) — the subject company whose shares are being reported
- 1,000,000 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
- 6.0% (dollar_amount) — percentage of the class of Common Stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- January 19, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant passive stake in AMERICAN WOODMARK CORP. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock Inc. regarding AMERICAN WOODMARK CORP?
This SC 13G/A filing (Amendment No. 2) by BlackRock Inc. is to report its beneficial ownership of Common Stock in AMERICAN WOODMARK CORP as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of AMERICAN WOODMARK CORP Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 1,000,000 shares of AMERICAN WOODMARK CORP Common Stock, as stated in the filing.
What percentage of AMERICAN WOODMARK CORP's Common Stock does BlackRock Inc.'s ownership represent?
BlackRock Inc.'s beneficial ownership represents 6.0% of the class of AMERICAN WOODMARK CORP's Common Stock.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Is BlackRock Inc. reporting an active or passive investment in AMERICAN WOODMARK CORP?
BlackRock Inc. is reporting a passive investment, indicated by the checkmark for Rule 13d-1(b), which is used by institutional investors who do not intend to influence control over the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding AMERICAN WOODMARK CORP (AMWD).