JPMorgan Chase & Co. trimmed its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 24.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,953 shares of the company’s stock after selling 16,333 shares during the period. JPMorgan Chase & Co. owned 0.31% of American Woodmark Corporation worth $4,773,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Alps Advisors Inc. raised its holdings in shares of American Woodmark Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock valued at $530,000 after buying an additional 15 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of American Woodmark Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock valued at $974,000 after buying an additional 86 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of American Woodmark Corporation by 1.4% in the first quarter. Arizona State Retirement System now owns 7,265 shares of the company’s stock valued at $667,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of American Woodmark Corporation by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,300 shares of the company’s stock valued at $315,000 after buying an additional 100 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of American Woodmark Corporation by 3.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,135 shares of the company’s stock valued at $395,000 after buying an additional 122 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

AMWD has been the subject of several analyst reports. Zacks Investment Research raised shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, September 1st. BidaskClub cut shares of American Woodmark Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/jpmorgan-chase-co-trims-stake-in-american-woodmark-corporation-amwd/1614447.html.

American Woodmark Corporation (NASDAQ AMWD) opened at 95.65 on Friday. The company’s 50-day moving average is $88.96 and its 200 day moving average is $92.08. The stock has a market capitalization of $1.55 billion, a PE ratio of 21.84 and a beta of 1.45. American Woodmark Corporation has a 12-month low of $69.65 and a 12-month high of $107.30.

American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). The firm had revenue of $276.83 million during the quarter, compared to the consensus estimate of $278.80 million. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, analysts predict that American Woodmark Corporation will post $4.94 EPS for the current year.

In related news, Director Daniel T. Hendrix sold 3,000 shares of American Woodmark Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $80.63, for a total value of $241,890.00. Following the sale, the director now directly owns 7,155 shares in the company, valued at approximately $576,907.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven Cary Dunston sold 500 shares of American Woodmark Corporation stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $80.55, for a total transaction of $40,275.00. Following the completion of the sale, the insider now owns 49,109 shares in the company, valued at $3,955,729.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,157 shares of company stock worth $4,272,295. 1.10% of the stock is currently owned by insiders.

American Woodmark Corporation 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.

Want to see what other hedge funds are holding AMWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Woodmark Corporation (NASDAQ:AMWD).

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

Receive News & Ratings for American Woodmark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.