BNP Paribas Financial Markets Reduces Stake in American Woodmark Co. (NASDAQ:AMWD)

BNP Paribas Financial Markets lowered its holdings in American Woodmark Co. (NASDAQ:AMWD) by 35.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,695 shares of the company’s stock after selling 5,964 shares during the quarter. BNP Paribas Financial Markets’ holdings in American Woodmark were worth $999,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMWD. Hsbc Holdings PLC grew its stake in American Woodmark by 195.0% during the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after buying an additional 6,912 shares during the last quarter. Intech Investment Management LLC purchased a new position in American Woodmark during the 3rd quarter worth approximately $749,000. Creative Planning purchased a new position in American Woodmark during the 3rd quarter worth approximately $312,000. Acadian Asset Management LLC grew its stake in American Woodmark by 31.1% during the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock worth $2,299,000 after buying an additional 6,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in American Woodmark by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock worth $27,728,000 after buying an additional 4,118 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Down 1.7 %

Shares of AMWD stock opened at $87.15 on Wednesday. The business’s 50 day moving average is $94.04 and its two-hundred day moving average is $90.02. American Woodmark Co. has a twelve month low of $76.57 and a twelve month high of $106.57. The company has a market capitalization of $1.31 billion, a P/E ratio of 13.03 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 announced its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share 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 company had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. During the same quarter last year, the business posted $2.36 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMWD shares. Wolfe Research upgraded 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. Robert W. Baird raised their price target on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, 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 note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the sale, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is currently owned by insiders.

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.