American Woodmark Co. (NASDAQ:AMWD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in American Woodmark Co. (NASDAQ:AMWD) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,616 shares of the company’s stock after buying an additional 2,858 shares during the period. Principal Financial Group Inc. owned 0.57% of American Woodmark worth $6,809,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMWD. GAMMA Investing LLC lifted its position in American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares during the last quarter. KBC Group NV increased its position in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after purchasing an additional 352 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of American Woodmark in the 3rd quarter valued at about $80,000. R Squared Ltd acquired a new stake in shares of American Woodmark in the 4th quarter valued at about $87,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in American Woodmark during the 3rd quarter worth approximately $158,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Stock Up 0.3 %

American Woodmark stock opened at $62.08 on Monday. The stock has a market capitalization of $934.55 million, a price-to-earnings ratio of 9.28 and a beta of 1.61. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $77.31 and a two-hundred day moving average of $86.79. American Woodmark Co. has a twelve month low of $60.64 and a twelve month high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). The company had revenue of $397.58 million for the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

Insider Transactions at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the transaction, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 5,750 shares of company stock worth $474,548. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

AMWD has been the subject of a number of research reports. Robert W. Baird boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.00.

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.