American Woodmark Co. (NASDAQ:AMWD) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in American Woodmark Co. (NASDAQ:AMWD) by 4.4% in the third quarter, Holdings Channel.com reports. The fund owned 36,740 shares of the company’s stock after selling 1,672 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Woodmark were worth $3,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMWD. SG Americas Securities LLC boosted its stake in American Woodmark by 33.2% during the 2nd quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock valued at $193,000 after purchasing an additional 612 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of American Woodmark by 22.2% during the second quarter. Assenagon Asset Management S.A. now owns 35,100 shares of the company’s stock worth $2,759,000 after buying an additional 6,373 shares during the period. Summit Global Investments grew its holdings in American Woodmark by 37.3% in the 2nd quarter. Summit Global Investments now owns 14,582 shares of the company’s stock worth $1,146,000 after buying an additional 3,961 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in American Woodmark in the 2nd quarter valued at approximately $6,602,000. Finally, SummerHaven Investment Management LLC raised its stake in American Woodmark by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock valued at $793,000 after acquiring an additional 176 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Trading Down 0.1 %

Shares of NASDAQ:AMWD opened at $84.25 on Friday. American Woodmark Co. has a 12-month low of $76.57 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 firm has a market capitalization of $1.27 billion, a P/E ratio of 12.59 and a beta of 1.59. The firm has a fifty day moving average of $93.74 and a two-hundred day moving average of $89.95.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share 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 for the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the prior year, the business posted $2.36 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMWD shares. Loop Capital lowered their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird raised their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two 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.com, American Woodmark presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Buying and Selling at American Woodmark

In related 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 10,500 shares of company stock valued at $958,090 in the last 90 days. 1.30% of the stock is currently owned by insiders.

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.