American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 8,000 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $95.29, for a total transaction of $762,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of American Woodmark Corporation (NASDAQ:AMWD) opened at 97.00 on Friday. The stock’s 50 day moving average is $89.86 and its 200 day moving average is $92.32. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30. The firm has a market cap of $1.58 billion, a PE ratio of 22.15 and a beta of 1.45.
American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.14). The business had revenue of $276.83 million during the quarter, compared to analysts’ expectations of $278.80 million. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. On average, analysts anticipate that American Woodmark Corporation will post $4.94 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of American Woodmark Corporation during the 1st quarter worth about $110,000. Riverhead Capital Management LLC grew its holdings in shares of American Woodmark Corporation by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after purchasing an additional 599 shares during the period. Flinton Capital Management LLC grew its holdings in shares of American Woodmark Corporation by 78.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock worth $133,000 after purchasing an additional 612 shares during the period. Dubuque Bank & Trust Co. grew its holdings in shares of American Woodmark Corporation by 8.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock worth $158,000 after purchasing an additional 132 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of American Woodmark Corporation during the 2nd quarter worth about $172,000. Institutional investors and hedge funds own 80.30% of the company’s stock.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Friday, August 25th. BidaskClub cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
About American Woodmark Corporation
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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