Bank of New York Mellon Corp increased its position in American Woodmark Corporation (NASDAQ:AMWD) by 9.3% during the first quarter, Holdings Channel reports. The institutional investor owned 204,055 shares of the company’s stock after buying an additional 17,341 shares during the period. Bank of New York Mellon Corp’s holdings in American Woodmark Corporation were worth $18,732,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in American Woodmark Corporation during the fourth quarter worth about $3,579,000. Norges Bank bought a new position in American Woodmark Corporation during the fourth quarter worth about $11,577,000. First National Bank of Omaha bought a new position in American Woodmark Corporation during the first quarter worth about $799,000. Macquarie Group Ltd. boosted its position in American Woodmark Corporation by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 489,583 shares of the company’s stock worth $36,841,000 after buying an additional 6,019 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in American Woodmark Corporation by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,570 shares of the company’s stock worth $570,000 after buying an additional 440 shares in the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

American Woodmark Corporation (NASDAQ AMWD) opened at 95.50 on Friday. American Woodmark Corporation has a 52-week low of $60.80 and a 52-week high of $99.13. The firm has a market capitalization of $1.57 billion, a PE ratio of 22.00 and a beta of 1.37. The company’s 50-day moving average is $92.65 and its 200-day moving average is $83.89.

American Woodmark Corporation (NASDAQ:AMWD) last issued its earnings results on Tuesday, May 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The firm had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $264.30 million. During the same quarter last year, the business earned $0.86 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts forecast that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Thursday, March 2nd.

In other news, Director Andrew B. Cogan sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $94.40, for a total value of $132,160.00. Following the transaction, the director now owns 5,240 shares in the company, valued at $494,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Cary Dunston sold 9,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $94.01, for a total transaction of $874,293.00. Following the completion of the transaction, the insider now owns 58,661 shares in the company, valued at approximately $5,514,720.61. The disclosure for this sale can be found here. Insiders sold 37,733 shares of company stock worth $3,592,548 in the last 90 days. Company insiders own 14.40% of the company’s stock.

American Woodmark Corporation 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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