Grace & White Inc. NY Sells 1,150 Shares of American Woodmark Co. (NASDAQ:AMWD)

Grace & White Inc. NY trimmed its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,645 shares of the company’s stock after selling 1,150 shares during the quarter. American Woodmark accounts for approximately 1.7% of Grace & White Inc. NY’s holdings, making the stock its 16th largest position. Grace & White Inc. NY owned approximately 0.66% of American Woodmark worth $9,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC increased its stake 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 worth $329,000 after purchasing an additional 154 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of American Woodmark by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock worth $793,000 after purchasing an additional 176 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of American Woodmark by 3.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock worth $473,000 after purchasing an additional 203 shares in the last quarter. CWM LLC increased its stake in shares of American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of American Woodmark by 5.8% in the 2nd quarter. Ritholtz Wealth Management now owns 6,763 shares of the company’s stock worth $532,000 after purchasing an additional 371 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Trading Down 3.8 %

Shares of American Woodmark stock opened at $97.15 on Tuesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 13.61 and a beta of 1.61. The business has a 50-day moving average price of $91.70 and a 200-day moving average price of $90.10. 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 twelve month low of $65.01 and a twelve month high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The firm had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 EPS.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the transaction, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMWD. Robert W. Baird upped their price objective on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and increased their price target for the stock from $98.00 to $119.00 in a research note on Thursday, October 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, Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, American Woodmark has an average rating of “Moderate Buy” and a consensus target price of $108.00.

American Woodmark Company 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.