Captrust Financial Advisors lessened its holdings in shares of American Woodmark Co. (NASDAQ:AMWD – Free Report) by 71.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,210 shares of the company’s stock after selling 8,019 shares during the quarter. Captrust Financial Advisors’ holdings in American Woodmark were worth $300,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of American Woodmark by 0.8% during the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock worth $1,440,000 after buying an additional 117 shares in the last quarter. Guidance Capital Inc. grew its holdings in American Woodmark by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after acquiring an additional 119 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of American Woodmark by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock worth $793,000 after purchasing an additional 176 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of American Woodmark by 3.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after purchasing an additional 203 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of American Woodmark by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after purchasing an additional 222 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at American Woodmark
In related news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Several analysts recently weighed in on AMWD shares. Robert W. Baird boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Loop Capital lowered their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.
View Our Latest Stock Report on AMWD
American Woodmark Price Performance
AMWD opened at $84.25 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $93.58 and its 200 day moving average price is $89.94. American Woodmark Co. has a fifty-two week low of $76.57 and a fifty-two week high of $106.57. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 12.59 and a beta of 1.59.
American Woodmark (NASDAQ:AMWD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). The company had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business posted $2.36 EPS.
American Woodmark Company Profile
(Free Report)
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.
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