D.A. Davidson & CO. trimmed its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,525 shares of the company’s stock after selling 1,790 shares during the quarter. D.A. Davidson & CO. owned about 0.36% of American Woodmark worth $8,144,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of American Woodmark by 274.8% during the second quarter. Royal Bank of Canada now owns 3,564 shares of the company’s stock valued at $340,000 after buying an additional 2,613 shares during the last quarter. Strs Ohio acquired a new position in shares of American Woodmark during the third quarter valued at about $877,000. Tributary Capital Management LLC increased its holdings in shares of American Woodmark by 45.5% during the third quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after acquiring an additional 50,301 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of American Woodmark during the second quarter valued at about $322,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of American Woodmark by 157.0% during the second quarter. Goldman Sachs Group Inc. now owns 44,736 shares of the company’s stock valued at $4,275,000 after acquiring an additional 27,328 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder William F. Brandt sold 18,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $117.75, for a total value of $2,119,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven Cary Dunston sold 500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $95.20, for a total transaction of $47,600.00. Following the completion of the transaction, the insider now owns 47,609 shares in the company, valued at approximately $4,532,376.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,000 shares of company stock worth $9,419,555. 1.10% of the stock is owned by corporate insiders.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The company had revenue of $274.80 million for the quarter, compared to analyst estimates of $280.60 million. During the same quarter last year, the company earned $1.10 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts forecast that American Woodmark Co. will post 4.96 EPS for the current year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Robert W. Baird upped their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, December 4th. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Longbow Research upgraded shares of American Woodmark from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $141.00.
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American Woodmark Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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