First National Bank of Omaha Decreases Stake in American Woodmark Co. (NASDAQ:AMWD)

First National Bank of Omaha lessened its stake in American Woodmark Co. (NASDAQ:AMWD) by 6.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,705 shares of the company’s stock after selling 1,050 shares during the quarter. First National Bank of Omaha owned 0.09% of American Woodmark worth $1,307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMWD. Nuveen Asset Management LLC purchased a new stake in American Woodmark during the second quarter worth approximately $5,543,000. BlackRock Inc. lifted its stake in American Woodmark by 2.8% during the second quarter. BlackRock Inc. now owns 2,272,522 shares of the company’s stock worth $192,301,000 after purchasing an additional 61,834 shares during the last quarter. Morgan Stanley lifted its stake in American Woodmark by 327.9% during the second quarter. Morgan Stanley now owns 73,265 shares of the company’s stock worth $6,200,000 after purchasing an additional 56,143 shares during the last quarter. Mackay Shields LLC purchased a new stake in American Woodmark during the third quarter worth approximately $3,947,000. Finally, Clark Estates Inc. NY purchased a new stake in American Woodmark during the second quarter worth approximately $3,342,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

AMWD has been the subject of several recent analyst reports. Sidoti cut American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Wednesday, September 11th. BidaskClub upgraded American Woodmark from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. ValuEngine upgraded American Woodmark from a “strong sell” rating to a “sell” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research cut American Woodmark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.00.

Shares of NASDAQ AMWD opened at $99.40 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. American Woodmark Co. has a twelve month low of $53.35 and a twelve month high of $102.00. The stock has a 50 day moving average of $94.05 and a two-hundred day moving average of $85.65. The stock has a market cap of $1.68 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.50 and a beta of 2.24.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.20. American Woodmark had a return on equity of 19.20% and a net margin of 5.22%. The company had revenue of $427.40 million during the quarter, compared to analysts’ expectations of $433.15 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts predict that American Woodmark Co. will post 7.35 earnings per share for the current year.

In other American Woodmark news, Director Vance W. Tang sold 900 shares of the business’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 value of $79,605.00. Following the completion of the sale, the director now owns 14,290 shares in the company, valued at $1,263,950.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Roger Perry Campbell sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 12,781 shares in the company, valued at approximately $1,136,486.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,803 shares of company stock valued at $831,530. 1.00% of the stock is owned by company insiders.

About American Woodmark

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.

Further Reading: Does the discount rate affect the economy?

Want to see what other hedge funds are holding AMWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Woodmark Co. (NASDAQ:AMWD).

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

Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.