Assenagon Asset Management S.A. Trims Stake in American Woodmark Co. (NASDAQ:AMWD)

Assenagon Asset Management S.A. lessened its holdings in American Woodmark Co. (NASDAQ:AMWD) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 59,639 shares of the company’s stock after selling 9,863 shares during the period. Assenagon Asset Management S.A. owned 0.40% of American Woodmark worth $4,743,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares in the last quarter. CWM LLC increased its stake in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in American Woodmark in the 3rd quarter worth $80,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in American Woodmark in the 3rd quarter worth $158,000. Finally, Hantz Financial Services Inc. purchased a new stake in American Woodmark in the 3rd quarter worth $184,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Up 0.3 %

AMWD opened at $81.01 on Tuesday. The firm has a 50-day simple moving average of $85.74 and a two-hundred day simple moving average of $89.73. American Woodmark Co. has a 52 week low of $73.24 and a 52 week high of $106.57. The company has a market capitalization of $1.22 billion, a PE ratio of 12.11 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 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 for the quarter, compared to the consensus estimate of $458.29 million. During the same period last year, the company earned $2.36 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMWD shares. Loop Capital cut their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird increased their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Activity at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the transaction, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was 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 of the company’s stock, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,750 shares of company stock valued at $1,108,223. Insiders own 1.30% of the company’s stock.

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.