Principal Financial Group Inc. Sells 2,795 Shares of American Woodmark Co. (NASDAQ:AMWD)

Principal Financial Group Inc. lowered its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,758 shares of the company’s stock after selling 2,795 shares during the period. Principal Financial Group Inc.’s holdings in American Woodmark were worth $7,734,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after buying an additional 225 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in American Woodmark during the 3rd quarter valued at about $80,000. DekaBank Deutsche Girozentrale grew its position in American Woodmark by 56.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock worth $114,000 after acquiring an additional 527 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in American Woodmark in the third quarter valued at approximately $158,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of American Woodmark during the third quarter valued at approximately $184,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In related news, Director James G. Davis sold 1,250 shares of the company’s stock in a transaction on 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 directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,750 shares of company stock valued at $1,108,223 over the last three months. Corporate insiders own 1.30% of the company’s stock.

American Woodmark Price Performance

Shares of American Woodmark stock opened at $79.53 on Wednesday. The business has a 50 day moving average of $90.41 and a 200 day moving average of $89.75. American Woodmark Co. has a 52 week low of $76.57 and a 52 week high of $106.57. The company has a market cap of $1.20 billion, a PE ratio of 11.89 and a beta of 1.59. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital decreased their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.00.

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.