Wells Fargo & Company MN raised its stake in American Woodmark Co. (NASDAQ:AMWD) by 31.7% during the 3rd quarter, Holdings Channel reports. The firm owned 34,354 shares of the company’s stock after acquiring an additional 8,276 shares during the period. Wells Fargo & Company MN’s holdings in American Woodmark were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Broad Run Investment Management LLC boosted its stake in shares of American Woodmark by 0.7% in the second quarter. Broad Run Investment Management LLC now owns 1,409,621 shares of the company’s stock valued at $134,689,000 after buying an additional 9,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Woodmark by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 670,199 shares of the company’s stock valued at $64,037,000 after buying an additional 22,498 shares in the last quarter. State Street Corp boosted its stake in shares of American Woodmark by 4.1% in the second quarter. State Street Corp now owns 338,203 shares of the company’s stock valued at $32,312,000 after buying an additional 13,438 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of American Woodmark by 4.7% in the third quarter. Rothschild Asset Management Inc. now owns 335,692 shares of the company’s stock valued at $32,310,000 after buying an additional 15,145 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of American Woodmark by 13.0% in the second quarter. Teachers Advisors LLC now owns 233,902 shares of the company’s stock valued at $22,349,000 after buying an additional 26,824 shares in the last quarter. Institutional investors own 82.60% of the company’s stock.

In related news, major shareholder William F. Brandt sold 1,500 shares of American Woodmark stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $96.55, for a total transaction of $144,825.00. Following the completion of the transaction, the insider now directly owns 1,835,745 shares of the company’s stock, valued at $177,241,179.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of American Woodmark stock in a transaction on Monday, October 30th. The stock was sold at an average price of $99.35, for a total value of $49,675.00. Following the transaction, the insider now directly owns 48,609 shares of the company’s stock, valued at $4,829,304.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,011 shares of company stock valued at $7,865,693. 1.10% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the company. BidaskClub downgraded American Woodmark from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, December 6th. Finally, Robert W. Baird lifted their price target on American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, December 4th.

Shares of American Woodmark Co. (AMWD) opened at $131.40 on Thursday. The firm has a market capitalization of $2,140.00, a P/E ratio of 29.07 and a beta of 1.56. American Woodmark Co. has a 12 month low of $69.65 and a 12 month high of $136.15. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.04.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.01). The firm had revenue of $274.80 million for the quarter, compared to analyst estimates of $280.60 million. American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. research analysts anticipate that American Woodmark Co. will post 4.96 EPS for the current year.

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American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

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

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