Empowered Funds LLC Grows Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Empowered Funds LLC lifted its holdings in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,100 shares of the company's stock after acquiring an additional 4,308 shares during the period. Empowered Funds LLC owned 0.59% of American Woodmark worth $7,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMWD. The Manufacturers Life Insurance Company boosted its stake in shares of American Woodmark by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,968 shares of the company's stock worth $626,000 after acquiring an additional 376 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of American Woodmark in the second quarter worth about $418,000. SG Americas Securities LLC lifted its position in shares of American Woodmark by 85.9% in the third quarter. SG Americas Securities LLC now owns 4,568 shares of the company's stock worth $427,000 after buying an additional 2,111 shares in the last quarter. CWM LLC lifted its position in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after buying an additional 225 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of American Woodmark in the third quarter worth about $312,000. Institutional investors own 95.47% of the company's stock.

Insider Activity

In related news, Director James G. Davis sold 1,250 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the transaction, the director now owns 24,573 shares of the company's stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMWD has been the topic of a number of research analyst reports. Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Wolfe Research downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Woodmark currently has an average rating of "Hold" and an average price target of $114.00.

American Woodmark Trading Up 0.9 %

AMWD stock traded up $0.73 during midday trading on Friday, reaching $77.60. 108,350 shares of the company traded hands, compared to its average volume of 135,035. American Woodmark Co. has a 52-week low of $72.93 and a 52-week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The business has a 50 day moving average of $80.17 and a 200-day moving average of $88.54. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 11.60 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.37 by ($0.29). The business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.36 EPS.

American Woodmark Profile

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.