American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in American Woodmark Co. (NASDAQ:AMWD) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,758 shares of the company’s stock after selling 2,795 shares during the period. Principal Financial Group Inc. owned about 0.53% of American Woodmark worth $7,734,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of American Woodmark by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after purchasing an additional 19,693 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after buying an additional 7,496 shares in the last quarter. Cooke & Bieler LP lifted its holdings in American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after buying an additional 80,873 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of American Woodmark by 36.6% in the 2nd quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after acquiring an additional 61,206 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of NASDAQ AMWD opened at $94.47 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $93.77 and a 200-day simple moving average of $90.33. The company has a market cap of $1.46 billion, a PE ratio of 14.00 and a beta of 1.61. American Woodmark Co. has a 12-month low of $70.58 and a 12-month high of $106.57.

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

Insider Transactions at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMWD. Robert W. Baird lifted their price objective on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, August 14th. Finally, Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.