R Squared Ltd Buys New Position in American Woodmark Co. (NASDAQ:AMWD)

R Squared Ltd bought a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,100 shares of the company’s stock, valued at approximately $87,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of American Woodmark by 170.6% during the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares during the period. CWM LLC lifted its position in 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 purchasing an additional 225 shares in the last quarter. KBC Group NV grew its holdings in American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after purchasing an additional 352 shares during the period. Millburn Ridgefield Corp purchased a new stake in American Woodmark in the third quarter worth about $80,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Woodmark in the third quarter worth about $158,000. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Loop Capital cut their price objective 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. Robert W. Baird increased their price objective 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Buying and Selling at American Woodmark

In other news, Director James G. Davis sold 1,679 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total transaction of $141,590.07. Following the completion of the transaction, the director now directly owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on 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 owns 106,432 shares in the company, valued at $9,589,523.20. This represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock valued at $789,898 in the last 90 days. Insiders own 1.30% of the company’s stock.

American Woodmark Stock Up 0.7 %

Shares of AMWD opened at $79.36 on Friday. American Woodmark Co. has a 12-month low of $73.24 and a 12-month high of $106.57. 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 company has a market capitalization of $1.19 billion, a PE ratio of 11.86 and a beta of 1.61. The business’s 50 day moving average is $83.49 and its 200 day moving average is $89.71.

American Woodmark (NASDAQ:AMWD) last released its earnings results 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 analysts’ expectations of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $2.36 EPS.

American Woodmark 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.