William F. Brandt Sells 5,000 Shares of American Woodmark Corp. (AMWD) Stock
American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $79.99, for a total transaction of $399,950.00. Following the completion of the transaction, the insider now owns 1,934,357 shares of the company’s stock, valued at $154,729,216.43. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of American Woodmark Corp. (NASDAQ:AMWD) opened at 78.47 on Friday. American Woodmark Corp. has a 1-year low of $57.04 and a 1-year high of $89.89. The firm’s 50-day moving average is $82.28 and its 200-day moving average is $75.43. The company has a market cap of $1.28 billion, a PE ratio of 19.77 and a beta of 1.76.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a net margin of 6.70% and a return on equity of 23.08%. The firm had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. bought a new position in American Woodmark Corp. during the second quarter valued at about $113,000. PineBridge Investments L.P. increased its position in American Woodmark Corp. by 3.3% in the second quarter. PineBridge Investments L.P. now owns 1,725 shares of the company’s stock valued at $115,000 after buying an additional 55 shares during the period. Teacher Retirement System of Texas increased its position in American Woodmark Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 1,926 shares of the company’s stock valued at $128,000 after buying an additional 239 shares during the period. Mason Street Advisors LLC bought a new position in American Woodmark Corp. during the second quarter valued at about $177,000. Finally, Legal & General Group Plc increased its position in American Woodmark Corp. by 36.5% in the second quarter. Legal & General Group Plc now owns 2,947 shares of the company’s stock valued at $193,000 after buying an additional 788 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.
AMWD has been the subject of several research reports. Zacks Investment Research upgraded shares of American Woodmark Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Robert W. Baird increased their price target on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 24th.
American Woodmark Corp. 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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