Ladenburg Thalmann Financial Services Inc. Has $3.58 Million Position in American Woodmark Co. (AMWD)
Ladenburg Thalmann Financial Services Inc. increased its holdings in American Woodmark Co. (NASDAQ:AMWD) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 37,203 shares of the company’s stock after acquiring an additional 4,272 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.23% of American Woodmark worth $3,581,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AMWD. Aperio Group LLC lifted its stake in American Woodmark by 6.4% during the second quarter. Aperio Group LLC now owns 3,594 shares of the company’s stock worth $343,000 after purchasing an additional 216 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in American Woodmark by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,300 shares of the company’s stock worth $315,000 after purchasing an additional 100 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in American Woodmark by 6.2% during the second quarter. Great West Life Assurance Co. Can now owns 19,928 shares of the company’s stock worth $1,902,000 after purchasing an additional 1,165 shares in the last quarter. Texas Permanent School Fund lifted its stake in American Woodmark by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock worth $974,000 after purchasing an additional 86 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in American Woodmark by 13.8% during the second quarter. Sei Investments Co. now owns 58,403 shares of the company’s stock worth $5,580,000 after purchasing an additional 7,080 shares in the last quarter. Institutional investors own 82.65% of the company’s stock.
In other news, insider Steven Cary Dunston sold 500 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $99.35, for a total value of $49,675.00. Following the sale, the insider now directly owns 48,609 shares in the company, valued at $4,829,304.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Roger Perry Campbell sold 3,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total value of $267,870.00. Following the completion of the sale, the senior vice president now owns 11,415 shares in the company, valued at $1,019,245.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,168 shares of company stock worth $9,084,044. Insiders own 1.10% of the company’s stock.
Shares of American Woodmark Co. (NASDAQ AMWD) opened at $126.75 on Thursday. The stock has a market capitalization of $2,000.00, a price-to-earnings ratio of 27.57 and a beta of 1.57. 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 Co. has a 52 week low of $69.65 and a 52 week high of $136.05.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. analysts anticipate that American Woodmark Co. will post 4.96 EPS for the current year.
AMWD has been the topic of a number of research reports. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded American Woodmark from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, August 25th. Finally, Robert W. Baird upped their price target on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th.
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American Woodmark 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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