American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 12,312 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $79.76, for a total value of $982,005.12. Following the completion of the sale, the insider now owns 1,936,065 shares of the company’s stock, valued at approximately $154,420,544.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Woodmark Corp. (NASDAQ:AMWD) opened at 80.35 on Thursday. The company’s 50-day moving average price is $80.45 and its 200-day moving average price is $74.22. American Woodmark Corp. has a 52-week low of $57.04 and a 52-week high of $89.89. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 20.24 and a beta of 1.90.

American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. The company had revenue of $258.20 million for the quarter, compared to analysts’ expectations of $261.65 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts expect that American Woodmark Corp. will post $4.40 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Nordea Investment Management AB bought a new stake in shares of American Woodmark Corp. during the second quarter valued at $600,000. Motley Fool Asset Management LLC boosted its stake in shares of American Woodmark Corp. by 89.9% in the first quarter. Motley Fool Asset Management LLC now owns 191,407 shares of the company’s stock valued at $14,277,000 after buying an additional 90,636 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of American Woodmark Corp. during the second quarter valued at $5,240,000. Springbok Capital Management LLC boosted its stake in shares of American Woodmark Corp. by 2.2% in the first quarter. Springbok Capital Management LLC now owns 4,600 shares of the company’s stock valued at $343,000 after buying an additional 100 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock valued at $11,994,000 after buying an additional 25,516 shares during the last quarter. 79.41% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on AMWD shares. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Robert W. Baird increased their target price on American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 24th.

About American Woodmark Corp.

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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