State Street Corp Sells 5,420 Shares of American Woodmark Co. (NASDAQ:AMWD)

State Street Corp lowered its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 593,731 shares of the company’s stock after selling 5,420 shares during the period. State Street Corp’s holdings in American Woodmark were worth $55,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMWD. Systematic Financial Management LP lifted its stake in shares of American Woodmark by 10.2% in the third quarter. Systematic Financial Management LP now owns 330,561 shares of the company’s stock worth $30,891,000 after acquiring an additional 30,493 shares during the period. Readystate Asset Management LP bought a new stake in American Woodmark in the third quarter valued at $464,000. Point72 DIFC Ltd acquired a new position in shares of American Woodmark during the third quarter worth approximately $204,000. Point72 Asset Management L.P. acquired a new stake in American Woodmark in the 3rd quarter valued at $15,967,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of American Woodmark during the third quarter worth about $5,261,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMWD shares. Robert W. Baird boosted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

American Woodmark Stock Performance

Shares of NASDAQ AMWD opened at $81.06 on Thursday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 12.12 and a beta of 1.59. The stock’s 50-day moving average is $93.07 and its 200 day moving average is $89.88. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 1-year low of $76.57 and a 1-year high of $106.57.

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

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 10,500 shares of company stock valued at $958,090 over the last quarter. 1.30% of the stock is currently owned by company insiders.

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.