First National Bank of Omaha trimmed its holdings in shares of American Woodmark Co. (NASDAQ:AMWD – Get Rating) by 26.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,241 shares of the company's stock after selling 3,624 shares during the period. First National Bank of Omaha owned about 0.06% of American Woodmark worth $501,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors increased its stake in shares of American Woodmark by 114.6% during the 1st quarter. Captrust Financial Advisors now owns 1,249 shares of the company's stock worth $61,000 after purchasing an additional 667 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in American Woodmark in the 4th quarter worth approximately $67,000. SG Americas Securities LLC purchased a new stake in American Woodmark in the 1st quarter worth approximately $127,000. Royal Bank of Canada grew its stake in American Woodmark by 41.6% in the 1st quarter. Royal Bank of Canada now owns 3,666 shares of the company's stock worth $180,000 after acquiring an additional 1,077 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in American Woodmark in the 1st quarter worth approximately $213,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
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Insider Activity
In related news, CEO Michael Scott Culbreth bought 2,000 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was acquired at an average price of $41.13 per share, for a total transaction of $82,260.00. Following the completion of the purchase, the chief executive officer now owns 57,930 shares in the company, valued at $2,382,660.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Michael Scott Culbreth bought 2,000 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was acquired at an average price of $41.13 per share, for a total transaction of $82,260.00. Following the completion of the purchase, the chief executive officer now owns 57,930 shares in the company, valued at $2,382,660.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang acquired 10,000 shares of the stock in a transaction on Thursday, June 23rd. The shares were acquired at an average price of $41.95 per share, with a total value of $419,500.00. Following the purchase, the director now owns 57,594 shares in the company, valued at $2,416,068.30. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.
American Woodmark Stock Performance
American Woodmark stock opened at $48.42 on Friday. The stock's 50-day moving average is $49.59 and its 200-day moving average is $49.88. The company has a market cap of $804.84 million, a price-to-earnings ratio of -62.88 and a beta of 1.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.96 and a quick ratio of 0.92. American Woodmark Co. has a 12 month low of $40.70 and a 12 month high of $76.36.
American Woodmark (NASDAQ:AMWD – Get Rating) last released its quarterly earnings data on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.42. The company had revenue of $542.90 million for the quarter, compared to the consensus estimate of $514.10 million. American Woodmark had a positive return on equity of 9.35% and a negative net margin of 0.65%. The company's quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 EPS. Equities analysts anticipate that American Woodmark Co. will post 6.32 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have commented on AMWD. Robert W. Baird lifted their target price on shares of American Woodmark from $54.00 to $58.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 31st. Loop Capital lifted their target price on shares of American Woodmark from $47.00 to $49.00 in a research note on Wednesday, August 31st. StockNews.com upgraded American Woodmark from a "sell" rating to a "hold" rating in a report on Monday, June 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on American Woodmark in a report on Wednesday, August 17th. They issued a "sell" rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.25.
American Woodmark Profile
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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.
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