Allspring Global Investments Holdings LLC Has $2.07 Million Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

Allspring Global Investments Holdings LLC cut its holdings in American Woodmark Co. (NASDAQ:AMWD) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,071 shares of the company’s stock after selling 3,350 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.17% of American Woodmark worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMWD. Wellington Management Group LLP boosted its holdings in American Woodmark by 8.1% in the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock valued at $50,227,000 after acquiring an additional 40,378 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in American Woodmark by 59.1% in the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Systematic Financial Management LP boosted its holdings in American Woodmark by 10.2% in the third quarter. Systematic Financial Management LP now owns 330,561 shares of the company’s stock valued at $30,891,000 after acquiring an additional 30,493 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in American Woodmark by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock valued at $27,728,000 after acquiring an additional 4,118 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in American Woodmark by 4.5% in the third quarter. WCM Investment Management LLC now owns 187,044 shares of the company’s stock valued at $17,388,000 after acquiring an additional 8,059 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMWD has been the topic of several recent research reports. 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 report on Wednesday, November 27th. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.00.

American Woodmark Trading Down 3.5 %

NASDAQ:AMWD opened at $70.68 on Friday. American Woodmark Co. has a fifty-two week low of $69.94 and a fifty-two week 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 stock has a market capitalization of $1.06 billion, a PE ratio of 10.57 and a beta of 1.61. The business’s 50-day simple moving average is $79.05 and its 200-day simple moving average is $87.71.

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

Insider Activity at American Woodmark

In other news, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total transaction of $141,590.07. Following the completion of the sale, the director now directly owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock worth $789,898 in the last ninety days. 1.30% of the stock is owned by company insiders.

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.