BlackRock Fund Advisors Has $87,231,000 Position in American Woodmark Corporation (AMWD)
BlackRock Fund Advisors boosted its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 1,082,679 shares of the company’s stock after buying an additional 31,722 shares during the period. BlackRock Fund Advisors owned 0.07% of American Woodmark Corporation worth $87,231,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its position in American Woodmark Corporation by 7.0% in the third quarter. Great West Life Assurance Co. Can now owns 18,342 shares of the company’s stock valued at $1,477,000 after buying an additional 1,205 shares during the period. Nordea Investment Management AB purchased a new position in American Woodmark Corporation during the second quarter valued at $600,000. Moody Aldrich Partners LLC increased its position in American Woodmark Corporation by 262.8% in the second quarter. Moody Aldrich Partners LLC now owns 35,715 shares of the company’s stock valued at $2,371,000 after buying an additional 25,870 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in American Woodmark Corporation by 1,392.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 442,625 shares of the company’s stock valued at $35,663,000 after buying an additional 412,975 shares during the period. Finally, Ngam Advisors L.P. purchased a new position in American Woodmark Corporation during the third quarter valued at $3,472,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
American Woodmark Corporation (NASDAQ:AMWD) opened at 74.85 on Friday. The company’s 50-day moving average price is $77.40 and its 200-day moving average price is $76.90. The stock has a market cap of $1.22 billion, a P/E ratio of 19.05 and a beta of 1.32. American Woodmark Corporation has a 12 month low of $57.04 and a 12 month high of $89.57.
American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.10. American Woodmark Corporation had a net margin of 6.59% and a return on equity of 22.12%. The company had revenue of $264.10 million for the quarter, compared to analysts’ expectations of $278.61 million. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that American Woodmark Corporation will post $4.20 earnings per share for the current year.
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Separately, Zacks Investment Research downgraded American Woodmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, November 24th.
In other American Woodmark Corporation news, major shareholder William F. Brandt sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $80.23, for a total transaction of $401,150.00. Following the transaction, the insider now owns 1,912,165 shares in the company, valued at approximately $153,412,997.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $74.84, for a total value of $224,520.00. Following the transaction, the insider now owns 1,923,165 shares in the company, valued at approximately $143,929,668.60. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
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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