Moody Aldrich Partners LLC Sells 729 Shares of American Woodmark Co. (NASDAQ:AMWD)

Moody Aldrich Partners LLC cut its holdings in American Woodmark Co. (NASDAQ:AMWD) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,193 shares of the company’s stock after selling 729 shares during the period. Moody Aldrich Partners LLC owned approximately 0.23% of American Woodmark worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMWD. Vanguard Group Inc. increased its holdings in American Woodmark by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after purchasing an additional 74,371 shares in the last quarter. Guidance Capital Inc. acquired a new position in shares of American Woodmark during the 1st quarter valued at $445,000. Allspring Global Investments Holdings LLC boosted its stake in American Woodmark by 3,400.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after acquiring an additional 2,448 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in American Woodmark by 31.7% in the first quarter. BNP Paribas Financial Markets now owns 10,210 shares of the company’s stock worth $1,038,000 after purchasing an additional 2,457 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in American Woodmark by 22.0% in the first quarter. Janney Montgomery Scott LLC now owns 18,747 shares of the company’s stock valued at $1,906,000 after purchasing an additional 3,380 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMWD. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Monday. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report 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 given a buy rating to the company. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Insiders Place Their Bets

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares in the company, valued at approximately $10,514,012.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

American Woodmark stock traded down $0.07 during trading on Thursday, hitting $93.76. The stock had a trading volume of 9,928 shares, compared to its average volume of 153,370. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $91.86 and its two-hundred day moving average is $90.08. American Woodmark Co. has a 1 year low of $65.01 and a 1 year high of $106.57. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 13.14 and a beta of 1.61.

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

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.