Grace & White Inc. NY Sells 1,150 Shares of American Woodmark Co. (NASDAQ:AMWD)

Grace & White Inc. NY decreased its holdings in American Woodmark Co. (NASDAQ:AMWD) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,645 shares of the company’s stock after selling 1,150 shares during the period. American Woodmark accounts for approximately 1.7% of Grace & White Inc. NY’s holdings, making the stock its 16th biggest holding. Grace & White Inc. NY’s holdings in American Woodmark were worth $9,592,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in American Woodmark by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after purchasing an additional 19,693 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after acquiring an additional 7,496 shares in the last quarter. Cooke & Bieler LP raised its stake 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. Pacer Advisors Inc. raised 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 acquiring an additional 129,692 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of American Woodmark by 36.6% during the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after acquiring an additional 61,206 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $97.15 on Tuesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 13.61 and a beta of 1.61. The company’s 50 day moving average is $91.70 and its 200 day moving average is $90.10. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 52-week low of $65.01 and a 52-week high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.48). The business 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%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 earnings per share.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the transaction, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and lifted their price target for the company from $98.00 to $119.00 in a research note on Thursday, October 17th. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. 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 note on Wednesday, August 14th. Finally, Robert W. Baird lifted their price target on shares of American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

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.