Cooke & Bieler LP Lowers Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Cooke & Bieler LP cut its holdings in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899,566 shares of the company's stock after selling 27,095 shares during the period. Cooke & Bieler LP owned 5.98% of American Woodmark worth $71,542,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in shares of American Woodmark by 1.2% during the fourth quarter. Pzena Investment Management LLC now owns 489,517 shares of the company's stock worth $38,931,000 after purchasing an additional 5,955 shares during the period. AlphaQuest LLC lifted its holdings in American Woodmark by 373,800.0% in the fourth quarter. AlphaQuest LLC now owns 3,739 shares of the company's stock valued at $297,000 after acquiring an additional 3,738 shares during the period. Amundi lifted its holdings in American Woodmark by 175.2% in the fourth quarter. Amundi now owns 7,552 shares of the company's stock valued at $582,000 after acquiring an additional 4,808 shares during the period. Victory Capital Management Inc. lifted its holdings in American Woodmark by 1,570.6% in the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock valued at $20,474,000 after acquiring an additional 242,030 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Woodmark by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock valued at $24,223,000 after acquiring an additional 7,870 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMWD shares. StockNews.com downgraded American Woodmark from a "hold" rating to a "sell" rating in a report on Monday, March 3rd. Wolfe Research downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Loop Capital reduced their target price on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $114.00.

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Insider Transactions at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 5,750 shares of company stock valued at $474,548 in the last 90 days. 1.30% of the stock is currently owned by insiders.

American Woodmark Trading Down 1.3 %

NASDAQ:AMWD opened at $60.13 on Tuesday. The company has a market capitalization of $892.03 million, a PE ratio of 8.99 and a beta of 1.58. 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 Co. has a 52-week low of $58.36 and a 52-week high of $106.57. The stock has a fifty day simple moving average of $74.84 and a 200-day simple moving average of $85.30.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.27). The firm had revenue of $397.58 million for the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

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.

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