WCM Investment Management LLC Decreases Stock Holdings in American Woodmark Co. (NASDAQ:AMWD)

WCM Investment Management LLC lowered its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,095 shares of the company’s stock after selling 8,949 shares during the period. WCM Investment Management LLC owned about 1.18% of American Woodmark worth $14,235,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after purchasing an additional 377 shares during the period. CWM LLC raised its position in American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in American Woodmark in the 3rd quarter worth approximately $80,000. KBC Group NV grew its position in shares of American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of American Woodmark during the fourth quarter valued at approximately $87,000. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMWD. Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price 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 decreased their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $114.00.

Insider Buying and Selling

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the transaction, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James G. Davis sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were 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 approximately $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock worth $789,898 in the last 90 days. Insiders own 1.30% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $76.24 on Monday. The company’s fifty day moving average price is $81.20 and its 200-day moving average price is $89.03. The stock has a market cap of $1.15 billion, a PE ratio of 11.40 and a beta of 1.61. 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 12 month low of $72.93 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last posted 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). 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 the consensus estimate of $458.29 million. During the same period in the previous year, the firm earned $2.36 EPS. The company’s revenue was down 4.5% on a year-over-year basis.

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.