Fmr LLC Has $2 Million Stake in American Woodmark Co. (NASDAQ:AMWD)

FMR LLC lowered its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 48.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,446 shares of the company's stock after selling 20,212 shares during the period. FMR LLC owned 0.14% of American Woodmark worth $2,004,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of American Woodmark by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company's stock worth $1,440,000 after acquiring an additional 117 shares during the period. Guidance Capital Inc. lifted its holdings in American Woodmark by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company's stock valued at $542,000 after purchasing an additional 119 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in American Woodmark by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company's stock worth $793,000 after purchasing an additional 176 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of American Woodmark by 3.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company's stock valued at $473,000 after purchasing an additional 203 shares during the last quarter. Finally, CWM LLC raised its position in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock valued at $58,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. 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 report on Wednesday, November 27th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.00.

American Woodmark Stock Performance

NASDAQ:AMWD traded down $0.21 during mid-day trading on Monday, reaching $84.04. 177,854 shares of the company's stock were exchanged, compared to its average volume of 151,908. American Woodmark Co. has a one year low of $76.57 and a one year high of $106.57. 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 fifty day simple moving average is $93.58 and its two-hundred day simple moving average is $89.97. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.56 and a beta of 1.59.

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

Insider Activity

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares of the company's stock, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is currently owned by company insiders.

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.