2,670 Shares in American Woodmark Co. (NASDAQ:AMWD) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in shares of American Woodmark Co. (NASDAQ:AMWD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,670 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMWD. Hsbc Holdings PLC increased its position in shares of American Woodmark by 195.0% during the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after buying an additional 6,912 shares during the period. Intech Investment Management LLC acquired a new stake in American Woodmark during the 3rd quarter worth about $749,000. Creative Planning bought a new position in shares of American Woodmark in the 3rd quarter worth about $312,000. Acadian Asset Management LLC lifted its stake in shares of American Woodmark by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after purchasing an additional 6,947 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of American Woodmark during the 3rd quarter valued at about $748,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMWD. Robert W. Baird lifted their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Loop Capital lowered their price objective 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.00.

American Woodmark Stock Down 0.1 %

AMWD stock opened at $84.25 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 12.59 and a beta of 1.59. American Woodmark Co. has a fifty-two week low of $76.57 and a fifty-two week high of $106.57. The stock’s 50 day simple moving average is $93.74 and its 200 day simple moving average is $89.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last posted 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). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same period in the previous year, the firm earned $2.36 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of 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 represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by corporate insiders.

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.