BNP Paribas Financial Markets Cuts Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

BNP Paribas Financial Markets reduced its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 35.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,695 shares of the company's stock after selling 5,964 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of American Woodmark worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMWD. Dimensional Fund Advisors LP increased its stake in shares of American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company's stock worth $95,149,000 after purchasing an additional 7,496 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company's stock worth $71,499,000 after purchasing an additional 80,873 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company's stock worth $66,275,000 after purchasing an additional 129,692 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of American Woodmark by 59.1% during the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company's stock worth $45,189,000 after purchasing an additional 179,644 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of American Woodmark by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company's stock worth $27,728,000 after purchasing an additional 4,118 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMWD shares. Robert W. Baird upped their price target on shares of American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Loop Capital decreased their price target on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Finally, Wolfe Research upgraded shares of American Woodmark from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, American Woodmark has an average rating of "Moderate Buy" and a consensus price target of $114.00.

American Woodmark Trading Down 1.4 %

Shares of AMWD stock traded down $1.20 during trading hours on Wednesday, hitting $85.95. 133,807 shares of the company's stock traded hands, compared to its average volume of 151,994. The stock's 50 day simple moving average is $93.90 and its 200 day simple moving average is $89.99. The stock has a market cap of $1.29 billion, a PE ratio of 12.85 and a beta of 1.59. American Woodmark Co. has a 12 month low of $76.57 and a 12 month high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released 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). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same period in the previous year, the business posted $2.36 EPS. American Woodmark's revenue was down 4.5% on a year-over-year basis.

Insider Buying and Selling

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction 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 $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 10,500 shares of company stock valued at $958,090 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

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.