Foundry Partners LLC Purchases Shares of 40,094 American Woodmark Co. (NASDAQ:AMWD)

Foundry Partners LLC purchased a new stake in shares of American Woodmark Co. (NASDAQ:AMWD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,094 shares of the company’s stock, valued at approximately $3,747,000. Foundry Partners LLC owned approximately 0.26% of American Woodmark at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMWD. CWM LLC lifted its holdings 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. Innealta Capital LLC purchased a new position in shares of American Woodmark in the second quarter worth $66,000. Picton Mahoney Asset Management purchased a new position in shares of American Woodmark in the second quarter worth $71,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of American Woodmark by 33.2% in the second quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock worth $193,000 after buying an additional 612 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Down 0.3 %

Shares of AMWD opened at $94.61 on Friday. The company’s fifty day moving average is $94.24 and its 200 day moving average is $90.36. American Woodmark Co. has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million for the quarter, compared to the consensus estimate of $475.37 million. During the same quarter last year, the firm earned $2.78 EPS. The company’s revenue was down 7.9% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMWD. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Robert W. Baird boosted their target price on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, American Woodmark presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

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.