Point72 Asset Management L.P. Purchases New Holdings in American Woodmark Co. (NASDAQ:AMWD)

Point72 Asset Management L.P. acquired a new position in shares of American Woodmark Co. (NASDAQ:AMWD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 170,865 shares of the company’s stock, valued at approximately $15,967,000. Point72 Asset Management L.P. owned approximately 1.10% of American Woodmark as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its position in shares of American Woodmark by 59.1% in the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after buying an additional 179,644 shares during the period. Pacer Advisors Inc. increased its holdings in shares of American Woodmark by 18.2% in 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. Renaissance Technologies LLC lifted its position in shares of American Woodmark by 294.9% in the second 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. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of American Woodmark in the third quarter worth approximately $9,195,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of American Woodmark during the second quarter worth approximately $6,602,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMWD. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, August 14th. Finally, Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, American Woodmark currently has an average rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Trading Up 1.3 %

American Woodmark stock opened at $89.39 on Friday. American Woodmark Co. has a one year low of $76.57 and a one year high of $106.57. The company’s fifty day moving average price is $94.26 and its two-hundred day moving average price is $90.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.36 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same period in the prior year, the company posted $2.36 EPS. The business’s revenue was down 4.5% on a year-over-year basis.

Insider Transactions at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by insiders.

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.