WCM Investment Management LLC Raises Stake in American Woodmark Co. (NASDAQ:AMWD)

WCM Investment Management LLC raised its holdings in American Woodmark Co. (NASDAQ:AMWD) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,044 shares of the company’s stock after purchasing an additional 8,059 shares during the quarter. WCM Investment Management LLC owned about 1.21% of American Woodmark worth $17,388,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMWD. CWM LLC lifted its position in American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares during the period. Innealta Capital LLC acquired a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $66,000. Picton Mahoney Asset Management purchased a new stake in shares of American Woodmark in the second quarter valued at approximately $71,000. DekaBank Deutsche Girozentrale grew its holdings in American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after acquiring an additional 377 shares during the period. Finally, EntryPoint Capital LLC raised its position in American Woodmark by 67.8% in the first quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after acquiring an additional 631 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

AMWD has been the topic of a number of recent analyst reports. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and upped their target price for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. 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 report on Monday, October 21st. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $102.94 on Tuesday. American Woodmark Co. has a twelve month low of $70.58 and a twelve month high of $106.57. The company has a market capitalization of $1.60 billion, a P/E ratio of 15.25 and a beta of 1.61. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $92.12 and a two-hundred day moving average price of $90.07.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data 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). The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business earned $2.78 earnings per share.

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.