Insider Selling: American Woodmark Corporation (AMWD) Major Shareholder Sells 1,000 Shares of Stock
American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 1,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $95.50, for a total value of $95,500.00. Following the completion of the transaction, the insider now owns 1,876,973 shares of the company’s stock, valued at approximately $179,250,921.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
American Woodmark Corporation (NASDAQ:AMWD) traded up 0.63% during midday trading on Wednesday, hitting $95.35. The stock had a trading volume of 19,171 shares. The stock has a 50 day moving average of $96.79 and a 200 day moving average of $90.03. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 21.97 and a beta of 1.41.
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, beating the Zacks’ 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 company had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $264.30 million. During the same period last year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.
A number of research firms have weighed in on AMWD. Zelman & Associates lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BidaskClub lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of American Woodmark Corporation during the fourth quarter worth about $11,577,000. First National Bank of Omaha acquired a new stake in American Woodmark Corporation during the first quarter valued at approximately $799,000. Capstone Asset Management Co. raised its stake in American Woodmark Corporation by 8.3% in the first quarter. Capstone Asset Management Co. now owns 3,553 shares of the company’s stock valued at $326,000 after buying an additional 273 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in American Woodmark Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the company’s stock valued at $523,000 after buying an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in American Woodmark Corporation by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock valued at $141,000 after buying an additional 20 shares in the last quarter. 80.82% of the stock is owned by institutional investors.
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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