American Woodmark Co. (NASDAQ:AMWD) Holdings Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 98.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,502 shares of the company's stock after purchasing an additional 34,402 shares during the period. Assenagon Asset Management S.A. owned about 0.45% of American Woodmark worth $6,495,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Guidance Capital Inc. grew its stake in shares of American Woodmark by 2.3% during the third quarter. Guidance Capital Inc. now owns 5,369 shares of the company's stock valued at $542,000 after acquiring an additional 119 shares in the last quarter. ProShare Advisors LLC raised its position in shares of American Woodmark by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company's stock valued at $329,000 after purchasing an additional 154 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of American Woodmark by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company's stock valued at $793,000 after buying an additional 176 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of 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 buying an additional 203 shares in the last quarter. Finally, CWM LLC increased its stake in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after buying an additional 225 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now directly owns 113,432 shares of the company's stock, valued at approximately $10,514,012.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Loop Capital raised shares of American Woodmark from a "hold" rating to a "buy" rating and raised their price objective for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Robert W. Baird lifted their target price on American Woodmark from $112.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Wolfe Research upgraded American Woodmark from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Wednesday, August 14th. Finally, Zelman & Associates reaffirmed a "neutral" rating on shares of American Woodmark in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.

American Woodmark Stock Performance

AMWD stock traded down $4.44 during mid-day trading on Tuesday, reaching $91.65. The company had a trading volume of 185,682 shares, compared to its average volume of 153,187. The stock's 50-day simple moving average is $91.87 and its two-hundred day simple moving average is $89.91. The stock has a market capitalization of $1.43 billion, a P/E ratio of 13.46 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. American Woodmark Co. has a one year low of $65.59 and a one year high of $106.57.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the previous year, the business posted $2.78 EPS. American Woodmark's revenue for the quarter was down 7.9% compared to the same quarter last year.

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.