Hennessy Advisors Inc. Acquires 6,500 Shares of American Woodmark Co. (NASDAQ:AMWD)

Hennessy Advisors Inc. lifted its holdings in American Woodmark Co. (NASDAQ:AMWD) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 101,100 shares of the company’s stock after buying an additional 6,500 shares during the period. Hennessy Advisors Inc.’s holdings in American Woodmark were worth $8,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after acquiring an additional 7,496 shares during the period. Pacer Advisors Inc. raised its stake in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares during the period. Wellington Management Group LLP raised its stake in American Woodmark by 8.1% during the 3rd quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after acquiring an additional 40,378 shares during the period. Pzena Investment Management LLC raised its stake in American Woodmark by 59.1% during the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after acquiring an additional 179,644 shares during the period. Finally, Systematic Financial Management LP raised its stake in American Woodmark by 10.2% during the 3rd quarter. Systematic Financial Management LP now owns 330,561 shares of the company’s stock worth $30,891,000 after acquiring an additional 30,493 shares during the period. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 0.9 %

Shares of AMWD opened at $80.76 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark Co. has a 1 year low of $73.24 and a 1 year high of $106.57. The company has a 50 day simple moving average of $86.58 and a two-hundred day simple moving average of $89.53. The firm has a market cap of $1.22 billion, a P/E ratio of 12.07 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. During the same period last year, the business posted $2.36 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMWD shares. Loop Capital decreased their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird raised their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James G. Davis sold 2,821 shares of American Woodmark stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the transaction, the director now directly owns 25,823 shares of the company’s stock, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,750 shares of company stock valued at $1,108,223. 1.30% of the stock is owned by corporate insiders.

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.