American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in American Woodmark Co. (NASDAQ:AMWD) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 371,748 shares of the company’s stock after selling 6,310 shares during the quarter. Geode Capital Management LLC owned 2.40% of American Woodmark worth $34,747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in shares of American Woodmark by 195.0% in the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock valued at $820,000 after purchasing an additional 6,912 shares during the period. Intech Investment Management LLC purchased a new position in American Woodmark in the 3rd quarter valued at about $749,000. Creative Planning acquired a new stake in American Woodmark in the 3rd quarter worth about $312,000. Acadian Asset Management LLC boosted its holdings in American Woodmark by 31.1% in the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock worth $2,299,000 after buying an additional 6,947 shares during the last quarter. Finally, Barclays PLC increased its stake in American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after buying an additional 22,804 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMWD shares. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital lowered their target price 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, November 27th. Two 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the transaction, the chief executive officer now directly owns 113,432 shares in the company, valued at approximately $10,514,012.08. This represents a 2.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James G. Davis sold 2,821 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares in the company, valued at approximately $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock valued at $1,331,651 over the last ninety days. Company insiders own 1.30% of the company’s stock.

American Woodmark Price Performance

AMWD stock opened at $81.40 on Thursday. American Woodmark Co. has a 1 year low of $76.57 and a 1 year high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm has a market capitalization of $1.23 billion, a PE ratio of 12.17 and a beta of 1.59. The business has a 50 day simple moving average of $92.12 and a 200-day simple moving average of $89.80.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. During the same quarter in the previous year, the company earned $2.36 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year.

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.