Cornercap Investment Counsel Inc. lowered its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 55.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,080 shares of the company's stock after selling 7,494 shares during the period. Cornercap Investment Counsel Inc.'s holdings in American Woodmark were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after acquiring an additional 225 shares in the last quarter. Innealta Capital LLC acquired a new stake in American Woodmark in the second quarter valued at $66,000. Picton Mahoney Asset Management acquired a new stake in American Woodmark in the 2nd quarter valued at about $71,000. DekaBank Deutsche Girozentrale increased its holdings in American Woodmark by 67.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company's stock valued at $94,000 after acquiring an additional 377 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company's stock valued at $159,000 after acquiring an additional 631 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
American Woodmark Trading Down 1.8 %
Shares of NASDAQ AMWD traded down $1.72 during trading on Friday, hitting $96.50. 105,742 shares of the company traded hands, compared to its average volume of 150,678. The firm has a market capitalization of $1.50 billion, a P/E ratio of 14.30 and a beta of 1.61. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $93.52 and a 200-day moving average price of $90.34. American Woodmark Co. has a 1 year low of $70.58 and a 1 year high of $106.57.
American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm had revenue of $459.10 million during the quarter, compared to analysts' expectations of $475.37 million. During the same quarter last year, the business earned $2.78 earnings per share. The business's revenue for the quarter was down 7.9% compared to the same quarter last year.
Insider Activity at American Woodmark
In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have commented on AMWD. Loop Capital upgraded American Woodmark from a "hold" rating to a "buy" rating and increased their target price for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Robert W. Baird lifted their price objective on American Woodmark from $112.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Wolfe Research raised shares of American Woodmark from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, American Woodmark currently has a consensus rating of "Moderate Buy" and an average target price of $108.00.
Read Our Latest Stock Report on AMWD
About American Woodmark
(
Free Report)
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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