American Woodmark Co. (NASDAQ:AMWD) Shares Acquired by Heritage Wealth Management LLC

Heritage Wealth Management LLC raised its holdings in shares of American Woodmark Co. (NASDAQ:AMWD) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,452 shares of the company’s stock after buying an additional 230 shares during the period. Heritage Wealth Management LLC’s holdings in American Woodmark were worth $95,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMWD. Vanguard Group Inc. increased its stake in American Woodmark by 0.4% during the second quarter. Vanguard Group Inc. now owns 1,527,831 shares of the company’s stock valued at $124,808,000 after purchasing an additional 6,483 shares during the last quarter. Cooke & Bieler LP raised its position in American Woodmark by 17.6% in the second quarter. Cooke & Bieler LP now owns 1,270,944 shares of the company’s stock worth $103,823,000 after acquiring an additional 190,102 shares in the last quarter. Dimensional Fund Advisors LP raised its position in American Woodmark by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 794,951 shares of the company’s stock worth $64,941,000 after acquiring an additional 21,926 shares in the last quarter. State Street Corp raised its holdings in American Woodmark by 3.3% during the 2nd quarter. State Street Corp now owns 537,686 shares of the company’s stock worth $43,924,000 after buying an additional 17,405 shares during the period. Finally, FMR LLC raised its holdings in American Woodmark by 2.8% during the 1st quarter. FMR LLC now owns 449,784 shares of the company’s stock worth $37,166,000 after buying an additional 12,253 shares during the period. Institutional investors own 90.64% of the company’s stock.

Several equities research analysts recently commented on the company. Jefferies Financial Group cut American Woodmark from a “buy” rating to a “hold” rating and lowered their price target for the company from $84.00 to $77.00 in a research note on Wednesday, November 17th. Robert W. Baird reissued a “hold” rating on shares of American Woodmark in a research report on Thursday, November 25th. Finally, Zacks Investment Research lowered American Woodmark from a “hold” rating to a “strong sell” rating in a research note on Friday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.67.

In other American Woodmark news, CEO Michael Scott Culbreth purchased 2,000 shares of the company’s stock in a transaction dated Monday, December 20th. The shares were bought at an average price of $57.95 per share, with a total value of $115,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vance W. Tang bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 29th. The stock was purchased at an average cost of $65.10 per share, for a total transaction of $390,600.00. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

American Woodmark stock opened at $64.77 on Friday. The business’s 50-day simple moving average is $66.36 and its 200 day simple moving average is $70.94. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 43.76 and a beta of 2.17. American Woodmark Co. has a 12-month low of $56.28 and a 12-month high of $108.81. The company has a quick ratio of 0.93, a current ratio of 1.90 and a debt-to-equity ratio of 0.67.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.24). The company had revenue of $453.20 million for the quarter, compared to the consensus estimate of $466.50 million. American Woodmark had a return on equity of 9.28% and a net margin of 1.39%. American Woodmark’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. As a group, sell-side analysts expect that American Woodmark Co. will post 3.83 EPS for the current year.

American Woodmark Profile

American Woodmark Corp. manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. It operates through the American Woodmark, Timberlake, Shenandoah Cabinetry, Waypoint Living Spaces, Estate by RSI, Continental Cabinets and VillaBath by RSI, Stor-It-All and Professional Cabinet Solutions.

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Institutional Ownership by Quarter for American Woodmark (NASDAQ:AMWD)

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