SG Americas Securities LLC Sells 1,526 Shares of American Woodmark Co. (NASDAQ:AMWD)

SG Americas Securities LLC lessened its holdings in American Woodmark Co. (NASDAQ:AMWD) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,042 shares of the company’s stock after selling 1,526 shares during the quarter. SG Americas Securities LLC’s holdings in American Woodmark were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMWD. Intech Investment Management LLC bought a new position in American Woodmark in the 3rd quarter valued at approximately $749,000. Barclays PLC grew its stake in shares of American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after acquiring an additional 22,804 shares during the period. Creative Planning bought a new stake in shares of American Woodmark during the 3rd quarter valued at $312,000. Franklin Resources Inc. raised its holdings in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after acquiring an additional 72,600 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in American Woodmark by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company’s stock worth $4,342,000 after purchasing an additional 11,975 shares in the last quarter. Hedge funds and other 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 stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the transaction, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is owned by insiders.

American Woodmark Stock Performance

Shares of AMWD opened at $77.54 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.17 billion, a PE ratio of 11.59 and a beta of 1.61. American Woodmark Co. has a 12 month low of $72.93 and a 12 month high of $106.57. The stock has a fifty day moving average price of $81.72 and a 200-day moving average price of $89.25.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 EPS.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMWD shares. Robert W. Baird lifted their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital reduced their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, American Woodmark has an average rating of “Hold” and an average target price of $114.00.

About American Woodmark

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.