Russell Investments Group Ltd. Sells 2,892 Shares of American Woodmark Co. (NASDAQ:AMWD)

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Russell Investments Group Ltd. lowered its position in American Woodmark Co. (NASDAQ:AMWD) by 57.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,141 shares of the company’s stock after selling 2,892 shares during the period. Russell Investments Group Ltd.’s holdings in American Woodmark were worth $190,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of American Woodmark by 312.5% during the second quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock worth $28,000 after buying an additional 250 shares during the period. KBC Group NV bought a new stake in American Woodmark during the second quarter valued at $58,000. Meeder Asset Management Inc. acquired a new stake in American Woodmark during the 2nd quarter worth about $70,000. Public Employees Retirement System of Ohio grew its holdings in American Woodmark by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,341 shares of the company’s stock worth $113,000 after acquiring an additional 550 shares during the period. Finally, Bank of Montreal Can grew its holdings in American Woodmark by 90.1% during the 2nd quarter. Bank of Montreal Can now owns 2,401 shares of the company’s stock worth $203,000 after acquiring an additional 1,138 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

American Woodmark stock opened at $102.69 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 14.86, a PEG ratio of 1.52 and a beta of 2.24. American Woodmark Co. has a 12-month low of $53.35 and a 12-month high of $108.00. The firm’s fifty day moving average is $100.14 and its 200 day moving average is $87.11. The company has a quick ratio of 1.12, a current ratio of 1.82 and a debt-to-equity ratio of 1.02.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. American Woodmark had a net margin of 5.43% and a return on equity of 19.25%. The business had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $428.38 million. During the same period last year, the company posted $1.60 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that American Woodmark Co. will post 7.5 EPS for the current fiscal year.

In related news, Director Vance W. Tang sold 900 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $88.45, for a total transaction of $79,605.00. Following the transaction, the director now directly owns 14,290 shares of the company’s stock, valued at approximately $1,263,950.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Roger Perry Campbell sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $88.92, for a total value of $133,380.00. Following the completion of the transaction, the senior vice president now owns 12,781 shares in the company, valued at approximately $1,136,486.52. The disclosure for this sale can be found here. Insiders have sold a total of 8,803 shares of company stock worth $831,530 in the last three months. Insiders own 1.00% of the company’s stock.

A number of brokerages have recently issued reports on AMWD. ValuEngine downgraded American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday. Sidoti downgraded American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Wednesday, September 11th. BidaskClub upgraded American Woodmark from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Zacks Investment Research raised American Woodmark from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $95.67.

American Woodmark Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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

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