Hennessy Advisors Inc. Purchases 6,500 Shares of American Woodmark Co. (NASDAQ:AMWD)

Hennessy Advisors Inc. grew its stake in American Woodmark Co. (NASDAQ:AMWD) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,100 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Hennessy Advisors Inc. owned about 0.67% of American Woodmark worth $8,040,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in American Woodmark by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after purchasing an additional 7,496 shares in the last quarter. Pacer Advisors Inc. raised its holdings in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Wellington Management Group LLP grew its position in shares of American Woodmark by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after buying an additional 40,378 shares during the period. Pzena Investment Management LLC grew its position 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 worth $45,189,000 after buying an additional 179,644 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of American Woodmark by 10.2% in the 3rd quarter. Systematic Financial Management LP now owns 330,561 shares of the company’s stock worth $30,891,000 after buying an additional 30,493 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insider Activity at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James G. Davis sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now directly owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,750 shares of company stock valued at $1,108,223. 1.30% of the stock is owned by insiders.

American Woodmark Stock Performance

Shares of AMWD stock opened at $80.76 on Friday. American Woodmark Co. has a one year low of $73.24 and a one year high of $106.57. The company’s 50-day moving average is $86.58 and its 200 day moving average is $89.53. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 12.07 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. During the same period last year, the company posted $2.36 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Loop Capital reduced their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Robert W. Baird upped their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, American Woodmark presently has an average rating of “Moderate Buy” and an average target price of $114.00.

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.