Victory Capital Management Inc. Raises Stake in American Woodmark Co. (NASDAQ:AMWD)

Victory Capital Management Inc. increased its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,410 shares of the company’s stock after buying an additional 117 shares during the period. Victory Capital Management Inc. owned about 0.10% of American Woodmark worth $1,440,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in American Woodmark by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after buying an additional 19,693 shares during the last quarter. Hsbc Holdings PLC boosted its position in American Woodmark by 195.0% during the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after purchasing an additional 6,912 shares during the period. Quadrature Capital Ltd purchased a new position in shares of American Woodmark in the first quarter worth about $561,000. Creative Planning purchased a new stake in shares of American Woodmark during the 3rd quarter valued at approximately $312,000. Finally, 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 period. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $100.86 on Tuesday. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.41 and a beta of 1.61. The company’s fifty day moving average price is $94.60 and its 200-day moving average price is $90.36.

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

Insider Buying and Selling

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMWD shares. Robert W. Baird boosted their price objective on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Finally, Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and raised their price target for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.