South Dakota Investment Council Sells 6,281 Shares of American Woodmark Co. (NASDAQ:AMWD)

South Dakota Investment Council lowered its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 89.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748 shares of the company’s stock after selling 6,281 shares during the quarter. South Dakota Investment Council’s holdings in American Woodmark were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of American Woodmark by 170.6% during the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after acquiring an additional 377 shares in the last quarter. CWM LLC lifted its holdings in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares during the last quarter. KBC Group NV boosted its position in American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after purchasing an additional 352 shares during the period. Millburn Ridgefield Corp acquired a new position in American Woodmark during the third quarter valued at approximately $80,000. Finally, R Squared Ltd acquired a new position in American Woodmark during the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Activity

In other American Woodmark news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction 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 completion of the transaction, the director now directly owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This trade represents a 4.84 % 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 this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’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 completion of the sale, the chief executive officer now directly owns 106,432 shares in the company, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,250 shares of company stock worth $789,898. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

AMWD has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Finally, 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 note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $114.00.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $70.44 on Tuesday. The business’s 50 day moving average is $78.50 and its 200-day moving average is $87.40. 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 firm has a market capitalization of $1.06 billion, a PE ratio of 10.53 and a beta of 1.61. American Woodmark Co. has a 1-year low of $69.78 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same quarter in the prior year, the firm earned $2.36 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis.

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.