Y Intercept Hong Kong Ltd Acquires 122 Shares of American Woodmark Co. (NASDAQ:AMWD)

Y Intercept Hong Kong Ltd grew its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 4.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,049 shares of the company’s stock after purchasing an additional 122 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Woodmark were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in American Woodmark by 0.8% in the 3rd 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. increased its stake in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after purchasing an additional 119 shares during the last quarter. SummerHaven Investment Management LLC grew its position in American Woodmark by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock valued at $793,000 after acquiring an additional 176 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of American Woodmark by 3.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after purchasing an additional 203 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of American Woodmark by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after buying an additional 222 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Stock Up 0.1 %

Shares of NASDAQ:AMWD opened at $84.11 on Wednesday. The business has a fifty day simple moving average of $93.29 and a 200 day simple moving average of $89.94. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.27 billion, a P/E ratio of 12.57 and a beta of 1.59. American Woodmark Co. has a 12-month low of $76.57 and a 12-month high of $106.57.

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

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 10,500 shares of company stock valued at $958,090. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on AMWD. Robert W. Baird increased their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital dropped their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, American Woodmark currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

About American Woodmark

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.