PNC Financial Services Group Inc. Sells 931 Shares of American Woodmark Co. (NASDAQ:AMWD)

PNC Financial Services Group Inc. lessened its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,783 shares of the company’s stock after selling 931 shares during the period. PNC Financial Services Group Inc.’s holdings in American Woodmark were worth $301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC bought a new stake in American Woodmark during the third quarter worth about $749,000. Victory Capital Management Inc. raised its holdings in American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock worth $20,474,000 after acquiring an additional 242,030 shares in the last quarter. Barclays PLC raised its holdings in American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after acquiring an additional 22,804 shares in the last quarter. Franklin Resources Inc. increased its position in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after buying an additional 72,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in American Woodmark by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock worth $24,223,000 after buying an additional 7,870 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMWD shares. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. 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 research report on Wednesday, November 27th. Robert W. Baird boosted their price target on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, StockNews.com downgraded American Woodmark from a “hold” rating to a “sell” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $114.00.

Insider Activity

In related news, Director James G. Davis sold 1,250 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

American Woodmark Price Performance

American Woodmark stock opened at $58.78 on Friday. American Woodmark Co. has a 12 month low of $57.44 and a 12 month high of $106.57. The stock’s 50 day moving average is $71.47 and its 200-day moving average is $83.35. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $872.00 million, a price-to-earnings ratio of 8.79 and a beta of 1.58.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

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.