Franklin Resources Inc. Grows Holdings in American Woodmark Co. (NASDAQ:AMWD)

Franklin Resources Inc. grew its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 249.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,746 shares of the company’s stock after purchasing an additional 72,600 shares during the quarter. Franklin Resources Inc. owned approximately 0.66% of American Woodmark worth $9,572,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its position in American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after buying an additional 179,644 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of American Woodmark in the third quarter valued at approximately $15,967,000. Pacer Advisors Inc. grew its stake in American Woodmark by 18.2% in the second 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. Renaissance Technologies LLC increased its holdings in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after purchasing an additional 103,801 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in American Woodmark during the 3rd quarter valued at $9,195,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMWD. Loop Capital dropped their price target on 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 raised their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two 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, American Woodmark presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Insider Activity at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James G. Davis sold 2,821 shares of American Woodmark stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares of the company’s stock, valued at $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock valued at $1,331,651 over the last 90 days. Insiders own 1.30% of the company’s stock.

American Woodmark Trading Down 1.0 %

AMWD opened at $80.20 on Friday. American Woodmark Co. has a 12 month low of $76.57 and a 12 month high of $106.57. The stock has a fifty day moving average price of $92.63 and a 200-day moving average price of $89.81. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 11.99 and a beta of 1.59. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results 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 in the previous year, the company posted $2.36 earnings per share. The business’s quarterly revenue was down 4.5% 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.