Creative Planning Purchases Shares of 3,338 American Woodmark Co. (NASDAQ:AMWD)

Creative Planning purchased a new stake in American Woodmark Co. (NASDAQ:AMWD) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 3,338 shares of the company’s stock, valued at approximately $312,000.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of 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 buying an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark in the second 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 increased its position in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after buying an additional 377 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of American Woodmark by 67.8% in the first quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock valued at $159,000 after buying an additional 631 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction 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 directly owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMWD. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $119.00 in a research report on Thursday, October 17th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Wednesday, August 14th. Finally, Robert W. Baird boosted their price target on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, American Woodmark has a consensus rating of “Moderate Buy” and an average price target of $108.00.

American Woodmark Stock Up 1.2 %

Shares of AMWD opened at $100.74 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark Co. has a one year low of $70.58 and a one year high of $106.57. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.92 and a beta of 1.61. The stock has a 50 day moving average price of $92.12 and a 200 day moving average price of $90.11.

American Woodmark (NASDAQ:AMWD) last issued its earnings results 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 company had revenue of $459.10 million during 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 firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 earnings per share.

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.