Cwm LLC Purchases 225 Shares of American Woodmark Co. (NASDAQ:AMWD)

Cwm LLC grew its position in American Woodmark Co. (NASDAQ:AMWD) by 56.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 622 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Cwm LLC’s holdings in American Woodmark were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Innealta Capital LLC bought a new position in shares of American Woodmark in the second quarter worth approximately $66,000. Picton Mahoney Asset Management bought a new position in shares of American Woodmark in the second quarter worth approximately $71,000. DekaBank Deutsche Girozentrale boosted 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 worth $94,000 after purchasing an additional 377 shares during the period. EntryPoint Capital LLC boosted 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 worth $159,000 after purchasing an additional 631 shares during the period. Finally, Covestor Ltd boosted its position in shares of American Woodmark by 1,230.2% in the first quarter. Covestor Ltd now owns 1,716 shares of the company’s stock worth $175,000 after purchasing an additional 1,587 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMWD has been the subject of a number of research reports. Loop Capital upgraded shares of 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 research report on Thursday, October 17th. Robert W. Baird upped their target price on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Insider Activity at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

American Woodmark Price Performance

American Woodmark stock opened at $93.31 on Monday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 13.07 and a beta of 1.61. The firm’s fifty day moving average is $91.84 and its 200 day moving average is $89.97. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 52-week low of $65.01 and a 52-week high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results 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). The business had revenue of $459.10 million for 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%. American Woodmark’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.78 EPS.

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.