The Manufacturers Life Insurance Company Reduces Stake in American Woodmark Co. (NASDAQ:AMWD)

The Manufacturers Life Insurance Company lowered its holdings in American Woodmark Co. (NASDAQ:AMWD) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,647 shares of the company’s stock after selling 321 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in American Woodmark were worth $715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of American Woodmark by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock valued at $1,440,000 after purchasing an additional 117 shares during the period. Guidance Capital Inc. lifted its stake in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after purchasing an additional 119 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of American Woodmark by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock valued at $793,000 after purchasing an additional 176 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of American Woodmark by 3.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after purchasing an additional 203 shares during the period. Finally, CWM LLC lifted its stake in shares of 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 purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird raised 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, November 27th. Loop Capital lowered their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total value 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 approximately $9,998,315.40. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is owned by insiders.

American Woodmark Stock Down 0.1 %

Shares of NASDAQ:AMWD opened at $84.25 on Friday. The stock has a fifty day simple moving average of $93.74 and a two-hundred day simple moving average of $89.95. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.59 and a beta of 1.59. American Woodmark Co. has a 12-month low of $76.57 and a 12-month high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

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

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.