American Woodmark Co. (NASDAQ:AMWD) Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its holdings in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 54.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,875 shares of the company's stock after purchasing an additional 5,598 shares during the quarter. Pinnacle Associates Ltd. owned 0.10% of American Woodmark worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AMWD. Vanguard Group Inc. lifted its position in shares of American Woodmark by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company's stock valued at $173,917,000 after acquiring an additional 19,693 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company's stock valued at $95,149,000 after acquiring an additional 7,496 shares during the period. Cooke & Bieler LP lifted its position in shares of American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company's stock valued at $71,499,000 after acquiring an additional 80,873 shares during the period. Pacer Advisors Inc. lifted its position in shares of American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company's stock valued at $66,275,000 after acquiring an additional 129,692 shares during the period. Finally, LSV Asset Management lifted its position in shares of American Woodmark by 36.6% during the 2nd quarter. LSV Asset Management now owns 228,320 shares of the company's stock valued at $17,946,000 after acquiring an additional 61,206 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

American Woodmark Price Performance

Shares of American Woodmark stock traded up $0.55 during trading on Friday, hitting $91.26. 107,967 shares of the company were exchanged, compared to its average volume of 152,463. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.52 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 fifty-two week low of $68.75 and a fifty-two week high of $106.57. The firm has a 50 day moving average price of $91.48 and a 200 day moving average price of $89.88.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its 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). The firm had revenue of $459.10 million during the quarter, compared to analysts' expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm's revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.78 earnings per share.

About American Woodmark

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.