Janney Montgomery Scott LLC Has $1.29 Million Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Janney Montgomery Scott LLC decreased its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,261 shares of the company’s stock after selling 3,424 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.11% of American Woodmark worth $1,293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in American Woodmark by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,968 shares of the company’s stock valued at $626,000 after acquiring an additional 376 shares during the period. Sanctuary Advisors LLC bought a new position in American Woodmark in the second quarter worth $418,000. SG Americas Securities LLC boosted its stake in American Woodmark by 85.9% during the third quarter. SG Americas Securities LLC now owns 4,568 shares of the company’s stock worth $427,000 after buying an additional 2,111 shares in the last quarter. CWM LLC increased its holdings in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after buying an additional 225 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of American Woodmark by 23.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,400 shares of the company’s stock valued at $877,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James G. Davis sold 2,821 shares of the firm’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 transaction, the director now directly owns 25,823 shares in the company, valued at approximately $2,123,425.29. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,250 shares of company stock valued at $789,898 over the last 90 days. 1.30% of the stock is currently owned by insiders.

American Woodmark Trading Down 0.9 %

NASDAQ AMWD opened at $74.98 on Wednesday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.21 and a beta of 1.61. American Woodmark Co. has a 52 week low of $72.93 and a 52 week high of $106.57. The stock’s 50 day moving average price is $81.96 and its two-hundred day moving average price is $89.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

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

Analysts Set New Price Targets

Several brokerages recently commented on AMWD. Loop Capital decreased their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Wolfe Research lowered shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Woodmark presently has an average rating of “Hold” and a consensus target price of $114.00.

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.