Emerald Acquisition Ltd. acquired a new stake in American Woodmark Corp. (NASDAQ:AMWD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,376 shares of the company’s stock, valued at approximately $822,000. Emerald Acquisition Ltd. owned approximately 0.08% of American Woodmark Corp. as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in American Woodmark Corp. during the second quarter valued at about $274,000. New York State Teachers Retirement System increased its stake in shares of American Woodmark Corp. by 33.0% in the second quarter. New York State Teachers Retirement System now owns 13,296 shares of the company’s stock worth $883,000 after buying an additional 3,300 shares during the period. Nordea Investment Management AB bought a new stake in shares of American Woodmark Corp. during the second quarter worth $600,000. Capstone Asset Management Co. increased its stake in shares of American Woodmark Corp. by 14.1% in the second quarter. Capstone Asset Management Co. now owns 6,300 shares of the company’s stock worth $418,000 after buying an additional 780 shares during the period. Finally, New England Research & Management Inc. increased its stake in shares of American Woodmark Corp. by 43.6% in the second quarter. New England Research & Management Inc. now owns 9,300 shares of the company’s stock worth $617,000 after buying an additional 2,825 shares during the period. 79.41% of the stock is owned by institutional investors and hedge funds.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.91% during midday trading on Thursday, hitting $79.23. 16,597 shares of the company were exchanged. The company has a 50-day moving average of $82.49 and a 200 day moving average of $75.41. American Woodmark Corp. has a one year low of $57.04 and a one year high of $89.89. The company has a market capitalization of $1.29 billion, a P/E ratio of 19.96 and a beta of 1.76.
American Woodmark Corp. (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.39. The business had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. American Woodmark Corp. had a net margin of 6.70% and a return on equity of 23.08%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts expect that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on AMWD shares. Zacks Investment Research raised shares of American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, August 25th. Robert W. Baird raised their price objective on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th.
In related news, major shareholder William F. Brandt sold 37,688 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $80.17, for a total transaction of $3,021,446.96. Following the transaction, the insider now directly owns 1,976,065 shares in the company, valued at $158,421,131.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William F. Brandt sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $74.97, for a total transaction of $74,970.00. Following the transaction, the director now owns 2,086,065 shares in the company, valued at $156,392,293.05. The disclosure for this sale can be found here. Corporate insiders own 14.40% of the company’s stock.
American Woodmark Corp. 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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