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 business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $75.03, for a total transaction of $375,150.00. Following the completion of the sale, the insider now directly owns 1,918,165 shares in the company, valued at approximately $143,919,919.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
American Woodmark Corp. (NASDAQ:AMWD) opened at 77.55 on Monday. The company’s 50-day moving average is $77.28 and its 200 day moving average is $75.34. American Woodmark Corp. has a 52 week low of $57.04 and a 52 week high of $89.89. The stock has a market cap of $1.26 billion, a PE ratio of 19.54 and a beta of 1.42.
American Woodmark Corp. (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.39. The firm had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. American Woodmark Corp. had a net margin of 6.70% and a return on equity of 23.08%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. On average, analysts expect that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th. Zacks Investment Research cut shares of American Woodmark Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 25th.
Several hedge funds have recently made changes to their positions in AMWD. Comerica Bank increased its stake in shares of American Woodmark Corp. by 0.3% in the second quarter. Comerica Bank now owns 13,922 shares of the company’s stock worth $1,041,000 after buying an additional 46 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of American Woodmark Corp. by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,940 shares of the company’s stock worth $317,000 after buying an additional 50 shares during the last quarter. American International Group Inc. increased its stake in shares of American Woodmark Corp. by 0.5% in the third quarter. American International Group Inc. now owns 10,316 shares of the company’s stock worth $831,000 after buying an additional 52 shares during the last quarter. PineBridge Investments L.P. increased its stake in shares of American Woodmark Corp. by 3.3% in the second quarter. PineBridge Investments L.P. now owns 1,725 shares of the company’s stock worth $115,000 after buying an additional 55 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of American Woodmark Corp. by 2.7% in the third quarter. Aperio Group LLC now owns 3,183 shares of the company’s stock worth $256,000 after buying an additional 84 shares during the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.
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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