D.A. Davidson & CO. Reduces Holdings in American Woodmark Co. (NASDAQ:AMWD)

D.A. Davidson & CO. lowered its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,459 shares of the company’s stock after selling 220 shares during the period. D.A. Davidson & CO. owned approximately 0.42% of American Woodmark worth $4,967,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMWD. Pzena Investment Management LLC raised its stake in shares of American Woodmark by 59.1% during the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after purchasing an additional 179,644 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of American Woodmark in the third quarter worth $15,967,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of American Woodmark in the third quarter worth $9,195,000. Franklin Resources Inc. increased its stake in shares of American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after buying an additional 72,600 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of American Woodmark in the third quarter worth $5,261,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMWD shares. Wolfe Research lowered shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Loop Capital dropped their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Robert W. Baird lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.00.

Insider Activity

In other news, Director James G. Davis sold 2,821 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the transaction, the director now owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the transaction, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by company insiders.

American Woodmark Stock Down 3.5 %

AMWD stock opened at $74.00 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark Co. has a 1-year low of $72.00 and a 1-year high of $106.57. The firm has a fifty day moving average price of $79.27 and a two-hundred day moving average price of $87.81. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 11.06 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the previous year, the firm earned $2.36 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

About American Woodmark

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.