Creative Planning Acquires New Holdings in American Woodmark Co. (NASDAQ:AMWD)

Creative Planning acquired a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,338 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after purchasing an additional 7,496 shares in the last quarter. Cooke & Bieler LP boosted its position in American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares in the last quarter. Pacer Advisors Inc. boosted its position in American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Finally, LSV Asset Management boosted its position in American Woodmark by 36.6% during the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after purchasing an additional 61,206 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark 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 owns 109,932 shares of the company’s stock, valued at $9,998,315.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AMWD shares. Robert W. Baird increased their price target on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and raised their price target for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

American Woodmark Trading Up 1.2 %

American Woodmark stock opened at $100.74 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 52 week low of $70.58 and a 52 week high of $106.57. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.92 and a beta of 1.61. The stock has a 50-day moving average price of $92.12 and a 200 day moving average price of $90.11.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same period last year, the firm earned $2.78 EPS. The company’s revenue for the quarter was down 7.9% 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.