Amalgamated Bank Sells 207 Shares of American Woodmark Co. (NASDAQ:AMWD)

Amalgamated Bank cut its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,648 shares of the company’s stock after selling 207 shares during the period. Amalgamated Bank’s holdings in American Woodmark were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in American Woodmark by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares during the period. Keeley Teton Advisors LLC increased its position in shares of American Woodmark by 66.6% during the first quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock valued at $2,436,000 after buying an additional 9,576 shares during the period. Hsbc Holdings PLC raised its stake in American Woodmark by 195.0% in the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after buying an additional 6,912 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in American Woodmark in the first quarter worth about $561,000. Finally, Creative Planning bought a new stake in American Woodmark during the 3rd quarter valued at approximately $312,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

AMWD stock opened at $96.50 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. The firm has a 50 day moving average price of $93.52 and a 200-day moving average price of $90.34. 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 $1.50 billion, a price-to-earnings ratio of 14.30 and a beta of 1.61.

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

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 of the company’s stock, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMWD shares. Loop Capital upgraded 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 report on Thursday, October 17th. Robert W. Baird upped their price target on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note 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 objective for the company in a research report on Wednesday, August 14th. Three 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 an average rating of “Moderate Buy” and an average price target of $108.00.

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.