Geode Capital Management LLC Sells 6,310 Shares of American Woodmark Co. (NASDAQ:AMWD)

Geode Capital Management LLC lowered its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 371,748 shares of the company's stock after selling 6,310 shares during the period. Geode Capital Management LLC owned 2.40% of American Woodmark worth $34,747,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in shares of American Woodmark by 195.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company's stock valued at $820,000 after acquiring an additional 6,912 shares during the period. Intech Investment Management LLC bought a new stake in American Woodmark in the third quarter valued at approximately $749,000. Creative Planning acquired a new stake in American Woodmark in the third quarter worth $312,000. Acadian Asset Management LLC grew its holdings in shares of American Woodmark by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company's stock valued at $2,299,000 after buying an additional 6,947 shares during the period. Finally, Barclays PLC lifted its holdings in American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company's stock worth $2,927,000 after acquiring an additional 22,804 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

AMWD has been the subject of a number of research analyst reports. Loop Capital reduced their target price on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.00.

American Woodmark Stock Up 0.7 %

NASDAQ AMWD traded up $0.61 during trading hours on Thursday, hitting $82.01. 99,697 shares of the company traded hands, compared to its average volume of 154,549. 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's 50-day moving average is $91.83 and its 200-day moving average is $89.74. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.26 and a beta of 1.59. American Woodmark Co. has a twelve month low of $76.57 and a twelve month high of $106.57.

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

Insider Activity

In related news, Director James G. Davis sold 2,821 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the transaction, the director now owns 25,823 shares in the company, valued at approximately $2,123,425.29. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $1,331,651 in the last quarter. Company insiders own 1.30% of the company's stock.

About American Woodmark

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.