Tributary Capital Management LLC Sells 657 Shares of American Woodmark Co. (NASDAQ:AMWD)

Tributary Capital Management LLC cut its stake in American Woodmark Co. (NASDAQ:AMWD) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,530 shares of the company’s stock after selling 657 shares during the quarter. Tributary Capital Management LLC owned 0.90% of American Woodmark worth $13,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 worth $66,275,000 after acquiring an additional 129,692 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 acquiring an additional 103,801 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in American Woodmark during the 2nd quarter worth approximately $6,602,000. 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 worth $71,499,000 after acquiring an additional 80,873 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of American Woodmark during the 2nd quarter worth approximately $6,209,000. 95.47% of the stock is owned by institutional investors.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the transaction, the chief executive officer now directly owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $93.31 on Monday. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $106.57. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.07 and a beta of 1.61. The business’s 50-day moving average price is $91.84 and its 200-day moving average price is $89.97.

American Woodmark (NASDAQ:AMWD) last issued its earnings results 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). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same quarter in the previous year, the firm posted $2.78 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Analysts Set New Price Targets

AMWD has been the topic of a number of research analyst reports. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Robert W. Baird increased their price target on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Finally, Loop Capital upgraded 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.