Wilmington Savings Fund Society FSB Makes New $266,000 Investment in American Woodmark Co. (NASDAQ:AMWD)

Wilmington Savings Fund Society FSB acquired a new position in American Woodmark Co. (NASDAQ:AMWD) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,851 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds have also bought and sold shares of the company. CWM LLC boosted its position in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in American Woodmark in the 2nd quarter worth approximately $66,000. Picton Mahoney Asset Management purchased a new stake in American Woodmark in the 2nd quarter worth approximately $71,000. Millburn Ridgefield Corp purchased a new stake in American Woodmark in the 3rd quarter worth approximately $80,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of American Woodmark by 56.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock valued at $114,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was 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 $9,998,315.40. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 10,500 shares of company stock valued at $958,090. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMWD has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

American Woodmark Trading Up 0.1 %

Shares of NASDAQ:AMWD opened at $84.11 on Wednesday. The business’s 50 day moving average price is $93.29 and its 200-day moving average price is $89.94. American Woodmark Co. has a 1 year low of $76.57 and a 1 year high of $106.57. 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 firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.57 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data 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 net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $452.50 million during the quarter, compared to analyst estimates of $458.29 million. During the same period in the prior year, the company posted $2.36 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.

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.