American Woodmark Co. (NASDAQ:AMWD) Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,261 shares of the company's stock after selling 3,424 shares during the period. Janney Montgomery Scott LLC owned approximately 0.11% of American Woodmark worth $1,293,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of American Woodmark in the third quarter valued at $749,000. Barclays PLC raised its stake in shares of American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company's stock valued at $2,927,000 after acquiring an additional 22,804 shares in the last quarter. Creative Planning acquired a new stake in shares of American Woodmark in the third quarter valued at $312,000. Franklin Resources Inc. raised its stake in shares of American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company's stock valued at $9,572,000 after acquiring an additional 72,600 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of American Woodmark by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company's stock valued at $4,342,000 after acquiring an additional 11,975 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Price Performance

Shares of American Woodmark stock traded down $1.30 during trading on Friday, hitting $76.24. 127,632 shares of the company were exchanged, compared to its average volume of 126,496. 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 fifty-two week low of $72.93 and a fifty-two week high of $106.57. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.40 and a beta of 1.61. The firm has a 50 day moving average price of $81.20 and a 200 day moving average price of $89.06.

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

Insiders Place Their Bets

In other news, Director James G. Davis sold 1,250 shares of the business's stock in a transaction on Friday, December 27th. The shares were 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 directly owns 24,573 shares of the company's stock, valued at $1,985,252.67. The trade was a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,250 shares of company stock valued at $789,898. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Loop Capital cut their price target on American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird raised their price target on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Finally, Wolfe Research lowered American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.