American Woodmark Co. (AMWD) Major Shareholder Sells $1,584,960.00 in Stock
American Woodmark Co. (NASDAQ:AMWD) major shareholder William F. Brandt sold 12,000 shares of American Woodmark stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $132.08, for a total transaction of $1,584,960.00. Following the transaction, the insider now directly owns 1,763,245 shares in the company, valued at $232,889,399.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Co. (AMWD) opened at $132.70 on Friday. The stock has a market cap of $2,322.65, a P/E ratio of 29.62 and a beta of 1.56. American Woodmark Co. has a 52 week low of $69.65 and a 52 week high of $136.15. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.04.
American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. American Woodmark’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. sell-side analysts anticipate that American Woodmark Co. will post 4.96 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of American Woodmark by 274.8% in the 2nd quarter. Royal Bank of Canada now owns 3,564 shares of the company’s stock valued at $340,000 after acquiring an additional 2,613 shares during the period. Strs Ohio purchased a new stake in shares of American Woodmark in the 3rd quarter valued at approximately $877,000. Tributary Capital Management LLC raised its stake in shares of American Woodmark by 45.5% in the 3rd quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after acquiring an additional 50,301 shares during the period. Citadel Advisors LLC purchased a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $558,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of American Woodmark in the 2nd quarter valued at approximately $322,000. 82.60% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/american-woodmark-co-amwd-major-shareholder-sells-1584960-00-in-stock/1806654.html.
About American Woodmark
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.
Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.