Wellington Management Group LLP Acquires 40,378 Shares of American Woodmark Co. (NASDAQ:AMWD)

Wellington Management Group LLP raised its stake in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 537,470 shares of the company's stock after acquiring an additional 40,378 shares during the quarter. Wellington Management Group LLP owned approximately 3.47% of American Woodmark worth $50,227,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company's stock valued at $95,149,000 after purchasing an additional 7,496 shares during the last quarter. Cooke & Bieler LP boosted its position in 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 purchasing an additional 80,873 shares during the period. Pacer Advisors Inc. boosted its position in 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 purchasing an additional 129,692 shares during the period. Pzena Investment Management LLC boosted its position in American Woodmark by 59.1% during the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company's stock valued at $45,189,000 after purchasing an additional 179,644 shares during the period. Finally, Systematic Financial Management LP boosted its position in American Woodmark by 10.2% during the 3rd quarter. Systematic Financial Management LP now owns 330,561 shares of the company's stock valued at $30,891,000 after purchasing an additional 30,493 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now owns 109,932 shares in the company, valued at $9,998,315.40. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMWD shares. 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 report on Wednesday, August 14th. Loop Capital cut their price objective on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Robert W. Baird upped their price objective on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

American Woodmark Stock Down 1.5 %

Shares of AMWD traded down $1.28 during trading hours on Thursday, hitting $84.67. 50,336 shares of the company were exchanged, compared to its average volume of 151,562. The company has a market cap of $1.27 billion, a PE ratio of 12.85 and a beta of 1.59. The firm's 50 day moving average is $93.90 and its 200-day moving average is $89.99. American Woodmark Co. has a 52 week low of $76.57 and a 52 week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business's revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.36 EPS.

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.