American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $74.22, for a total value of $371,100.00. Following the completion of the sale, the insider now owns 1,909,665 shares in the company, valued at $141,735,336.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Woodmark Corp. (NASDAQ:AMWD) remained flat at $76.70 during midday trading on Thursday. The company had a trading volume of 267,326 shares. American Woodmark Corp. has a 12-month low of $57.04 and a 12-month high of $89.89. The company has a market capitalization of $1.25 billion, a P/E ratio of 19.32 and a beta of 1.42. The firm’s 50 day moving average price is $77.10 and its 200 day moving average price is $75.66.

American Woodmark Corp. (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 22nd. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.10. American Woodmark Corp. had a net margin of 6.59% and a return on equity of 22.67%. The firm earned $264.10 million during the quarter, compared to analyst estimates of $278.61 million. During the same quarter last year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that American Woodmark Corp. will post $4.44 earnings per share for the current year.

Insider Buying and Selling by Quarter for American Woodmark Corp. (NASDAQ:AMWD)

Several research firms have recently weighed in on AMWD. Zacks Investment Research upgraded American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Thursday, August 25th. Robert W. Baird upped their price objective on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th.

A number of large investors have recently modified their holdings of AMWD. Acrospire Investment Management LLC purchased a new stake in shares of American Woodmark Corp. during the third quarter valued at about $104,000. BlackRock Inc. increased its stake in shares of American Woodmark Corp. by 7.5% in the third quarter. BlackRock Inc. now owns 1,451 shares of the company’s stock valued at $117,000 after buying an additional 101 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of American Woodmark Corp. during the third quarter valued at about $129,000. Pacad Investment Ltd. bought a new stake in shares of American Woodmark Corp. during the second quarter valued at about $113,000. Finally, 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 valued at $115,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 79.58% of the company’s stock.

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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.

5 Day Chart for NASDAQ:AMWD

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