Intech Investment Management LLC Purchases Shares of 8,012 American Woodmark Co. (NASDAQ:AMWD)

Intech Investment Management LLC acquired a new position in American Woodmark Co. (NASDAQ:AMWD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,012 shares of the company’s stock, valued at approximately $749,000. Intech Investment Management LLC owned 0.05% of American Woodmark at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMWD. 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 purchasing an additional 225 shares during the period. Innealta Capital LLC purchased a new position in shares of American Woodmark in the second quarter worth $66,000. Picton Mahoney Asset Management bought a new stake in American Woodmark during the 2nd quarter valued at $71,000. DekaBank Deutsche Girozentrale boosted its position in American Woodmark by 67.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after buying an additional 377 shares during the period. Finally, SG Americas Securities LLC grew its holdings in American Woodmark by 33.2% in the 2nd quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock worth $193,000 after acquiring an additional 612 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the sale, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMWD shares. Loop Capital dropped their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, August 14th. Finally, Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Stock Performance

Shares of AMWD opened at $90.78 on Friday. The company has a 50-day simple moving average of $94.52 and a two-hundred day simple moving average of $90.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.14. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.57 and a beta of 1.61. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57.

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 net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter in the previous year, the business 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.