GAMMA Investing LLC Has $48,000 Stock Position in American Woodmark Co. (NASDAQ:AMWD)

GAMMA Investing LLC lifted its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 170.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 598 shares of the company’s stock after acquiring an additional 377 shares during the period. GAMMA Investing LLC’s holdings in American Woodmark were worth $48,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMWD. Victory Capital Management Inc. lifted its holdings in shares of American Woodmark by 8.9% during the second quarter. Victory Capital Management Inc. now owns 15,293 shares of the company’s stock worth $1,202,000 after buying an additional 1,250 shares in the last quarter. American Century Companies Inc. raised its stake in American Woodmark by 9.9% in the second quarter. American Century Companies Inc. now owns 34,232 shares of the company’s stock valued at $2,691,000 after purchasing an additional 3,078 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in American Woodmark by 56.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock valued at $114,000 after purchasing an additional 527 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Woodmark by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after purchasing an additional 7,496 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in American Woodmark by 294.9% in the second quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after purchasing an additional 103,801 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Transactions at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now directly owns 106,432 shares in the company, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James G. Davis sold 1,250 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the sale, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,750 shares of company stock worth $1,108,223. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMWD. Robert W. Baird boosted their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital dropped their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

American Woodmark Stock Performance

American Woodmark stock opened at $76.25 on Tuesday. American Woodmark Co. has a 12-month low of $73.24 and a 12-month high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $87.67 and its two-hundred day moving average price is $89.66. The stock has a market cap of $1.15 billion, a PE ratio of 11.40 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the prior year, the firm earned $2.36 EPS. The business’s revenue was down 4.5% on a year-over-year basis.

American Woodmark Company 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.