American Woodmark Corp. (AMWD) Major Shareholder William F. Brandt Sells 5,000 Shares
American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $80.23, for a total transaction of $401,150.00. Following the completion of the transaction, the insider now owns 1,912,165 shares of the company’s stock, valued at approximately $153,412,997.95. 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 sales and purchases with the SEC.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded up 1.88% during trading on Thursday, reaching $81.35. 69,847 shares of the company’s stock were exchanged. The stock has a market capitalization of $1326.49 billion, a PE ratio of 20.49 and a beta of 1.42. The company’s 50-day moving average is $77.13 and its 200 day moving average is $75.46. American Woodmark Corp. has a 52 week low of $57.04 and a 52 week high of $89.89.
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 analysts’ consensus estimates of $0.93 by $0.39. The company had revenue of $258.20 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. On average, analysts forecast that American Woodmark Corp. will post $4.40 earnings per share for the current year.
Several analysts recently commented on AMWD shares. Zacks Investment Research downgraded shares of American Woodmark Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Robert W. Baird upped their price target on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th.
Several hedge funds have recently bought and sold shares of the stock. Credit Suisse AG raised its stake in American Woodmark Corp. by 95.3% in the third quarter. Credit Suisse AG now owns 38,969 shares of the company’s stock worth $3,140,000 after buying an additional 19,018 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in American Woodmark Corp. by 86.0% in the third quarter. PCJ Investment Counsel Ltd. now owns 18,600 shares of the company’s stock worth $1,499,000 after buying an additional 8,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in American Woodmark Corp. during the third quarter worth about $322,000. Jane Street Group LLC purchased a new stake in American Woodmark Corp. during the third quarter worth about $336,000. Finally, Gotham Asset Management LLC raised its stake in American Woodmark Corp. by 48.5% in the third quarter. Gotham Asset Management LLC now owns 134,907 shares of the company’s stock worth $10,869,000 after buying an additional 44,059 shares in the last quarter. Institutional investors own 80.08% of the company’s stock.
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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