Thrivent Financial for Lutherans Cuts Position in American Woodmark Co. (NASDAQ:AMWD)

Thrivent Financial for Lutherans lessened its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,154 shares of the company’s stock after selling 749 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of American Woodmark worth $1,034,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in American Woodmark by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock worth $329,000 after purchasing an additional 154 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of American Woodmark by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock worth $793,000 after buying an additional 176 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of American Woodmark by 3.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock worth $473,000 after buying an additional 203 shares during the period. Ritholtz Wealth Management raised its holdings in American Woodmark by 5.8% in the second quarter. Ritholtz Wealth Management now owns 6,763 shares of the company’s stock valued at $532,000 after acquiring an additional 371 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after acquiring an additional 377 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Stock Performance

NASDAQ AMWD opened at $92.09 on Friday. The company has a fifty day moving average of $91.64 and a two-hundred day moving average of $90.62. The company has a market capitalization of $1.44 billion, a PE ratio of 12.90 and a beta of 1.61. American Woodmark Co. has a 1 year low of $65.01 and a 1 year high of $106.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The firm had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share.

Wall Street Analysts Forecast Growth

AMWD has been the topic of a number of analyst reports. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Robert W. Baird lowered their price objective on American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Finally, Loop Capital cut their target price on American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.00.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

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.