Amalgamated Bank Sells 207 Shares of American Woodmark Co. (NASDAQ:AMWD)

Amalgamated Bank lowered its stake in American Woodmark Co. (NASDAQ:AMWD) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,648 shares of the company’s stock after selling 207 shares during the quarter. Amalgamated Bank’s holdings in American Woodmark were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Woodmark by 3,400.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after buying an additional 2,448 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in American Woodmark in the 1st quarter worth approximately $219,000. Sei Investments Co. boosted its holdings in American Woodmark by 33.9% in the 1st quarter. Sei Investments Co. now owns 18,733 shares of the company’s stock valued at $1,904,000 after purchasing an additional 4,741 shares during the period. ProShare Advisors LLC grew its position in shares of American Woodmark by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after purchasing an additional 154 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of American Woodmark by 10.5% in the first quarter. Orion Portfolio Solutions LLC now owns 14,134 shares of the company’s stock worth $1,437,000 after purchasing an additional 1,339 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on AMWD shares. Robert W. Baird raised their price target on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Finally, Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

American Woodmark Trading Down 1.8 %

AMWD stock opened at $96.50 on Friday. The company has a market capitalization of $1.50 billion, a PE ratio of 14.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57. The company’s 50 day moving average price is $93.52 and its two-hundred day moving average price is $90.34.

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