Victory Capital Management Inc. Purchases 117 Shares of American Woodmark Co. (NASDAQ:AMWD)

Victory Capital Management Inc. grew its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,410 shares of the company’s stock after buying an additional 117 shares during the period. Victory Capital Management Inc.’s holdings in American Woodmark were worth $1,440,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMWD. Pacer Advisors Inc. increased its stake in shares of American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in American Woodmark by 294.9% in the second quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after acquiring an additional 103,801 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of American Woodmark in the second quarter worth $6,602,000. Cooke & Bieler LP increased its holdings in shares of American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of American Woodmark in the 2nd quarter worth about $6,209,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 3.7 %

Shares of American Woodmark stock opened at $100.86 on Tuesday. American Woodmark Co. has a 1-year low of $70.58 and a 1-year high of $106.57. The company’s fifty day simple moving average is $94.60 and its 200-day simple moving average is $90.36. 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 stock has a market capitalization of $1.56 billion, a PE ratio of 14.41 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.48). The company 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%. American Woodmark’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.78 earnings per share.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the 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 in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.