WCM Investment Management LLC Has $14.24 Million Position in American Woodmark Co. (NASDAQ:AMWD)

WCM Investment Management LLC trimmed its stake in American Woodmark Co. (NASDAQ:AMWD - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,095 shares of the company's stock after selling 8,949 shares during the period. WCM Investment Management LLC owned about 1.18% of American Woodmark worth $14,235,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company's stock worth $48,000 after purchasing an additional 377 shares during the last quarter. CWM LLC grew its holdings in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after purchasing an additional 225 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of American Woodmark during the third quarter worth $80,000. KBC Group NV grew its holdings in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of American Woodmark during the fourth quarter valued at $87,000. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 106,432 shares of the company's stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James G. Davis sold 1,250 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value 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 approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,250 shares of company stock worth $789,898 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMWD has been the topic of several research reports. 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 increased their target price 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 downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Woodmark has a consensus rating of "Hold" and a consensus price target of $114.00.

American Woodmark Stock Up 1.8 %

Shares of NASDAQ:AMWD traded up $1.33 during mid-day trading on Thursday, reaching $76.87. 109,883 shares of the stock were exchanged, compared to its average volume of 135,958. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The stock's 50 day simple moving average is $80.40 and its 200-day simple moving average is $88.62. The company has a market cap of $1.16 billion, a P/E ratio of 11.49 and a beta of 1.61. American Woodmark Co. has a one year low of $72.93 and a one year high of $106.57.

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