American Woodmark Co. (NASDAQ:AMWD) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 249.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,746 shares of the company's stock after purchasing an additional 72,600 shares during the period. Franklin Resources Inc. owned about 0.66% of American Woodmark worth $9,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in AMWD. Victory Capital Management Inc. increased its holdings in American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company's stock valued at $1,440,000 after buying an additional 117 shares during the last quarter. Guidance Capital Inc. increased its holdings in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company's stock valued at $542,000 after acquiring an additional 119 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of American Woodmark by 4.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company's stock worth $285,000 after acquiring an additional 122 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in American Woodmark by 3.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company's stock worth $473,000 after purchasing an additional 203 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in American Woodmark by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company's stock valued at $475,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

American Woodmark Stock Performance

AMWD traded down $0.80 during trading on Friday, hitting $80.20. 734,673 shares of the stock were exchanged, compared to its average volume of 155,186. The firm has a market capitalization of $1.21 billion, a P/E ratio of 11.99 and a beta of 1.59. American Woodmark Co. has a 1-year low of $76.57 and a 1-year high of $106.57. The stock has a fifty day moving average price of $92.63 and a two-hundred day moving average price of $89.84. 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 announced its earnings results on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts' consensus estimates 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 in the previous year, the firm earned $2.36 earnings per share. The business's revenue was down 4.5% compared to the same quarter last year.

Insider Activity

In other news, Director James G. Davis sold 2,821 shares of American Woodmark stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the sale, the director now owns 25,823 shares of the company's stock, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction dated 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 directly owns 113,432 shares of the company's stock, valued at $10,514,012.08. This represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,000 shares of company stock valued at $1,331,651. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird raised their price objective 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 cut 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. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.00.

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.