Integrated Wealth Concepts LLC Cuts Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Integrated Wealth Concepts LLC lowered its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,408 shares of the company’s stock after selling 273 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Woodmark were worth $225,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMWD. Dimensional Fund Advisors LP increased its stake in shares of American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after purchasing an additional 7,496 shares during the last quarter. Cooke & Bieler LP grew its holdings in American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares during the period. Pacer Advisors Inc. raised its stake in shares of American Woodmark by 18.2% in the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares during the period. Pzena Investment Management LLC lifted its position in shares of American Woodmark by 59.1% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 4,118 shares during the period. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the transaction, the chief executive officer now directly owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 10,500 shares of company stock valued at $958,090. Company insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $84.25 on Friday. American Woodmark Co. has a 52-week low of $76.57 and a 52-week high of $106.57. The business’s fifty day moving average is $93.74 and its 200 day moving average is $89.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 12.59 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the prior year, the company earned $2.36 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Loop Capital lowered their price objective 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. Robert W. Baird boosted their price target 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.00.

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.