American Woodmark Co. (NASDAQ:AMWD) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in American Woodmark Co. (NASDAQ:AMWD) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,299 shares of the company’s stock after selling 523 shares during the period. Pitcairn Co.’s holdings in American Woodmark were worth $308,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMWD. Pzena Investment Management LLC raised its stake in shares of American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after purchasing an additional 179,644 shares in the last quarter. Pacer Advisors Inc. raised its stake in 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 buying an additional 129,692 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after buying an additional 103,801 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of American Woodmark in the 2nd quarter worth approximately $6,602,000. Finally, Cooke & Bieler LP raised its position in shares of American Woodmark by 9.8% during the 2nd 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. 95.47% of the stock is currently owned by institutional investors.

Insider Activity at American Woodmark

In related 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 completion of the sale, the chief executive officer now owns 109,932 shares of the company’s stock, valued at $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AMWD. Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, August 14th. Finally, Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Stock Down 2.7 %

American Woodmark stock opened at $89.19 on Thursday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 13.21 and a beta of 1.61. The company has a 50-day simple moving average of $94.70 and a 200-day simple moving average of $90.36. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the previous year, the business posted $2.78 EPS. American Woodmark’s revenue for the quarter was down 7.9% compared to the same quarter last year.

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.