American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 12,000 shares of American Woodmark Corporation stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $91.59, for a total value of $1,099,080.00. Following the completion of the transaction, the insider now owns 1,824,245 shares of the company’s stock, valued at $167,082,599.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Corporation (NASDAQ AMWD) traded up $4.00 during midday trading on Friday, hitting $96.95. The stock had a trading volume of 113,992 shares, compared to its average volume of 105,908. The stock has a market capitalization of $1,580.00, a PE ratio of 21.94 and a beta of 1.55. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.00 and a current ratio of 3.45.
American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings results 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 company had revenue of $276.83 million during the quarter, compared to analysts’ expectations of $278.80 million. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. American Woodmark Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. analysts predict that American Woodmark Corporation will post 4.92 EPS for the current fiscal year.
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Several equities analysts have recently weighed in on AMWD shares. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, September 1st. BidaskClub cut American Woodmark Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th.
Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its stake in American Woodmark Corporation by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after buying an additional 599 shares during the period. Flinton Capital Management LLC boosted its stake in American Woodmark Corporation by 78.3% during the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after buying an additional 612 shares during the period. Dubuque Bank & Trust Co. boosted its stake in American Woodmark Corporation by 8.7% during the second quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock valued at $158,000 after buying an additional 132 shares during the period. SG Americas Securities LLC bought a new stake in American Woodmark Corporation during the second quarter valued at $172,000. Finally, Pinebridge Investments L.P. boosted its stake in American Woodmark Corporation by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after buying an additional 18 shares during the period. 78.39% 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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