Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 50.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,097 shares of the company’s stock after selling 4,127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Woodmark were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in shares of American Woodmark by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after purchasing an additional 222 shares in the last quarter. Quantbot Technologies LP increased its position in American Woodmark by 246.4% during the third quarter. Quantbot Technologies LP now owns 16,262 shares of the company’s stock worth $1,520,000 after buying an additional 11,568 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of American Woodmark by 80.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 5,151 shares of the company’s stock worth $482,000 after acquiring an additional 2,298 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of American Woodmark by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock valued at $27,728,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in shares of American Woodmark during the third quarter valued at $3,747,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Up 1.3 %

AMWD opened at $89.39 on Friday. American Woodmark Co. has a 12 month low of $76.57 and a 12 month high of $106.57. The business has a 50-day moving average of $94.26 and a two-hundred day moving average of $90.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.36 and a beta of 1.59.

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

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the transaction, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 10,500 shares of company stock valued at $958,090 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

AMWD has been the subject of several analyst reports. Wolfe Research raised 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 note on Wednesday, August 14th. Robert W. Baird upped their price objective 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. Finally, Loop Capital lowered their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $107.50.

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.