PNC Financial Services Group Inc. Sells 12,250 Shares of American Woodmark Co. (NASDAQ:AMWD)

PNC Financial Services Group Inc. cut its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 64.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,620 shares of the company’s stock after selling 12,250 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Woodmark were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMWD. DekaBank Deutsche Girozentrale bought a new stake in shares of American Woodmark during the 3rd quarter valued at approximately $42,000. Partnership Wealth Management LLC bought a new stake in American Woodmark during the 4th quarter worth approximately $184,000. Mackenzie Financial Corp bought a new stake in American Woodmark during the 4th quarter worth approximately $210,000. Everence Capital Management Inc. bought a new stake in American Woodmark during the 4th quarter worth approximately $277,000. Finally, Stratos Wealth Partners LTD. bought a new stake in American Woodmark during the 4th quarter worth approximately $284,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMWD shares. Loop Capital reduced their target price on shares of American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Robert W. Baird reduced their target price on shares of American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, StockNews.com lowered shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Woodmark has a consensus rating of “Hold” and an average price target of $95.75.

American Woodmark Stock Up 1.0 %

American Woodmark stock opened at $77.96 on Thursday. The company has a quick ratio of 1.24, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 12-month low of $65.01 and a 12-month high of $104.28. The firm’s fifty day moving average is $88.51 and its 200 day moving average is $92.31. The company has a market capitalization of $1.24 billion, a PE ratio of 10.92 and a beta of 1.67.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The company had revenue of $453.28 million for the quarter, compared to analyst estimates of $437.80 million. As a group, sell-side analysts predict that American Woodmark Co. will post 8.31 EPS for the current fiscal year.

Insider Activity at American Woodmark

In related news, Director Philip D. Fracassa bought 600 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $86.66 per share, for a total transaction of $51,996.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at $51,996. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate 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.