Dynamic Technology Lab Private Ltd Purchases 2,298 Shares of American Woodmark Co. (NASDAQ:AMWD)

Dynamic Technology Lab Private Ltd lifted its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 80.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,151 shares of the company’s stock after purchasing an additional 2,298 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American Woodmark were worth $482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its position in shares of American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark during the second quarter valued at approximately $66,000. Picton Mahoney Asset Management bought a new stake in American Woodmark during the second quarter worth $71,000. DekaBank Deutsche Girozentrale boosted its position in 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 purchasing an additional 377 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in American Woodmark by 33.2% in the 2nd quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock valued at $193,000 after purchasing an additional 612 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now owns 109,932 shares in the company, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMWD has been the topic of a number of research analyst reports. Wolfe Research raised 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 report on Wednesday, August 14th. Robert W. Baird boosted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Loop Capital decreased their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday. Three investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

American Woodmark Trading Up 1.8 %

Shares of American Woodmark stock opened at $90.78 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 13.57 and a beta of 1.61. American Woodmark Co. has a 52-week low of $70.58 and a 52-week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. The stock’s 50-day simple moving average is $94.52 and its 200 day simple moving average is $90.32.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.48). The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $2.78 EPS.

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.