WCM Investment Management LLC raised its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,044 shares of the company's stock after acquiring an additional 8,059 shares during the period. WCM Investment Management LLC owned approximately 1.21% of American Woodmark worth $17,388,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. 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 worth $66,275,000 after buying an additional 129,692 shares during the period. Renaissance Technologies LLC increased its holdings in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company's stock worth $10,925,000 after purchasing an additional 103,801 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of American Woodmark in the second quarter valued at about $6,602,000. Cooke & Bieler LP increased 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 worth $71,499,000 after purchasing an additional 80,873 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in American Woodmark in the second quarter valued at $6,209,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company's stock, valued at $9,998,315.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.
American Woodmark Stock Performance
Shares of American Woodmark stock traded down $2.45 during trading hours on Tuesday, reaching $100.49. The company had a trading volume of 106,901 shares, compared to its average volume of 151,432. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57. The business has a fifty day simple moving average of $92.38 and a 200 day simple moving average of $90.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The firm has a market cap of $1.56 billion, a PE ratio of 14.88 and a beta of 1.61.
American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $475.37 million. During the same period in the prior year, the firm posted $2.78 EPS. American Woodmark's revenue was down 7.9% on a year-over-year basis.
Analyst Ratings Changes
Several equities analysts have recently commented on AMWD shares. Loop Capital raised American Woodmark from a "hold" rating to a "buy" rating and upped their target price for the company from $98.00 to $119.00 in a research report on Thursday, October 17th. Zelman & Associates reissued a "neutral" rating on shares of American Woodmark in a research note on Wednesday, July 17th. 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 research note on Wednesday, August 14th. Finally, Robert W. Baird boosted their price objective on shares of American Woodmark from $112.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $108.00.
Check Out Our Latest Analysis on AMWD
American Woodmark Profile
(
Free Report)
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.
See Also
Before you consider American Woodmark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Woodmark wasn't on the list.
While American Woodmark currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
