D.A. Davidson & CO. Trims Position in American Woodmark Co. (NASDAQ:AMWD)

D.A. Davidson & CO. decreased its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,679 shares of the company’s stock after selling 140 shares during the period. D.A. Davidson & CO. owned approximately 0.40% of American Woodmark worth $5,857,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock valued at $1,440,000 after purchasing an additional 117 shares during the period. Guidance Capital Inc. raised its stake in shares of American Woodmark by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after buying an additional 119 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of American Woodmark by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock valued at $793,000 after buying an additional 176 shares during the period. Azzad Asset Management Inc. ADV boosted its stake in shares of American Woodmark by 3.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after buying an additional 203 shares in the last quarter. Finally, CWM LLC grew its holdings in American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

AMWD has been the topic of several research analyst reports. Loop Capital decreased 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. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Wednesday, August 14th. Finally, Robert W. Baird increased their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

Insider Activity

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

American Woodmark Price Performance

American Woodmark stock opened at $89.19 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $94.70 and its 200 day simple moving average is $90.36. American Woodmark Co. has a 52 week low of $70.58 and a 52 week high of $106.57. The firm has a market capitalization of $1.38 billion, a PE ratio of 13.21 and a beta of 1.61.

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

American Woodmark 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.