Mutual of America Capital Management LLC Sells 260 Shares of American Woodmark Co. (NASDAQ:AMWD)

Mutual of America Capital Management LLC trimmed its position in American Woodmark Co. (NASDAQ:AMWD) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,345 shares of the company’s stock after selling 260 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Woodmark were worth $219,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after purchasing an additional 129,692 shares during the period. Renaissance Technologies LLC grew its holdings in American Woodmark by 294.9% during the second quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after purchasing an additional 103,801 shares during the period. Hennessy Advisors Inc. bought a new stake in American Woodmark in the 2nd quarter valued at $6,602,000. Cooke & Bieler LP lifted its stake in shares of 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. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of American Woodmark during the second quarter worth approximately $6,209,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Trading Up 1.8 %

NASDAQ:AMWD opened at $90.78 on Friday. The firm has a fifty day simple moving average of $94.52 and a two-hundred day simple moving average of $90.32. American Woodmark Co. has a 12 month low of $70.58 and a 12 month high of $106.57. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.57 and a beta of 1.61. The company has a current ratio of 1.93, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last issued 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). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. American Woodmark’s revenue for the quarter was down 7.9% on a year-over-year basis.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMWD shares. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Loop Capital decreased their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird upped their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $107.50.

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.