American Woodmark Co. (NASDAQ:AMWD) Stock Position Lifted by Barclays PLC

Barclays PLC lifted its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 267.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,316 shares of the company’s stock after buying an additional 22,804 shares during the period. Barclays PLC owned 0.20% of American Woodmark worth $2,927,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Pzena Investment Management LLC grew its position in shares of American Woodmark by 59.1% during the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in American Woodmark in the third quarter worth about $15,967,000. Pacer Advisors Inc. grew its position in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares in the last quarter. Renaissance Technologies LLC increased its stake in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after buying an additional 103,801 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of American Woodmark in the 3rd quarter worth approximately $9,195,000. 95.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James G. Davis sold 2,821 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.23, for a total value of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares of the company’s stock, valued at $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the transaction, the chief executive officer now directly owns 113,432 shares in the company, valued at $10,514,012.08. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock worth $1,331,651 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

American Woodmark Trading Up 0.8 %

American Woodmark stock opened at $81.40 on Wednesday. American Woodmark Co. has a 1 year low of $76.57 and a 1 year high of $106.57. The firm’s 50 day moving average price is $92.37 and its two-hundred day moving average price is $89.81. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 12.17 and a beta of 1.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.36 earnings per share.

Analyst Ratings Changes

A number of research analysts recently commented on AMWD shares. Loop Capital dropped their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird upped their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, American Woodmark presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

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.