Moody Aldrich Partners LLC Sells 1,954 Shares of American Woodmark Co. (NASDAQ:AMWD)

Moody Aldrich Partners LLC lessened its holdings in American Woodmark Co. (NASDAQ:AMWD) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,239 shares of the company’s stock after selling 1,954 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.22% of American Woodmark worth $2,643,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of American Woodmark in the 3rd quarter valued at about $749,000. Barclays PLC boosted its stake in shares of American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after purchasing an additional 22,804 shares during the last quarter. Creative Planning bought a new position in shares of American Woodmark in the 3rd quarter valued at about $312,000. Franklin Resources Inc. boosted its stake in American Woodmark by 249.1% during the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in American Woodmark during the 3rd quarter worth approximately $748,000. Institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMWD shares. Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital reduced their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $114.00.

Insiders Place Their Bets

In other news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the sale, the director now directly owns 24,573 shares in the company, valued at $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Friday, November 1st. The shares were 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 trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,750 shares of company stock worth $1,108,223. Company insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $79.70 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The company has a market capitalization of $1.20 billion, a P/E ratio of 11.91 and a beta of 1.61. The company’s 50 day moving average price is $83.82 and its two-hundred day moving average price is $89.79. American Woodmark Co. has a 52 week low of $73.24 and a 52 week high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, November 26th. The company reported $2.08 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 analyst estimates of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $2.36 earnings per share.

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.