Captrust Financial Advisors Cuts Holdings in American Woodmark Co. (NASDAQ:AMWD)

Captrust Financial Advisors cut its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 71.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,210 shares of the company's stock after selling 8,019 shares during the period. Captrust Financial Advisors' holdings in American Woodmark were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Innealta Capital LLC purchased a new stake in American Woodmark during the second quarter valued at about $66,000. Picton Mahoney Asset Management purchased a new stake in American Woodmark during the second quarter valued at about $71,000. DekaBank Deutsche Girozentrale increased its holdings in American Woodmark by 56.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company's stock worth $114,000 after buying an additional 527 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in American Woodmark in the third quarter worth approximately $184,000. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Price Performance

Shares of AMWD traded down $0.09 during trading hours on Friday, hitting $84.25. 159,579 shares of the company were exchanged, compared to its average volume of 151,801. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.59 and a beta of 1.59. American Woodmark Co. has a fifty-two week low of $76.57 and a fifty-two week 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. The firm's fifty day moving average is $93.58 and its 200 day moving average is $89.94.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 earnings per share 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 during the quarter, compared to analyst estimates of $458.29 million. During the same period last year, the business earned $2.36 earnings per share. The business's quarterly revenue was down 4.5% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares of the company's stock, valued at $10,514,012.08. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMWD shares. Loop Capital reduced their price objective on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Robert W. Baird increased their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.00.

American Woodmark Company 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.