American Woodmark Corporation (AMWD) Shares Sold by Morgan Stanley
Morgan Stanley decreased its stake in shares of American Woodmark Corporation (NASDAQ:AMWD) by 59.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,923 shares of the company’s stock after selling 30,170 shares during the period. Morgan Stanley’s holdings in American Woodmark Corporation were worth $1,921,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of American Woodmark Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 647,701 shares of the company’s stock valued at $59,458,000 after buying an additional 1,885 shares during the period. Rothschild Asset Management Inc. raised its stake in American Woodmark Corporation by 3.1% in the first quarter. Rothschild Asset Management Inc. now owns 371,348 shares of the company’s stock valued at $34,090,000 after buying an additional 11,263 shares in the last quarter. Royce & Associates LP raised its stake in American Woodmark Corporation by 1.5% in the first quarter. Royce & Associates LP now owns 367,630 shares of the company’s stock valued at $33,748,000 after buying an additional 5,584 shares in the last quarter. Wellington Management Group LLP raised its stake in American Woodmark Corporation by 9.9% in the first quarter. Wellington Management Group LLP now owns 347,711 shares of the company’s stock valued at $31,920,000 after buying an additional 31,326 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its stake in American Woodmark Corporation by 13.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 282,405 shares of the company’s stock valued at $25,925,000 after buying an additional 32,985 shares in the last quarter. Institutional investors own 80.12% of the company’s stock.
American Woodmark Corporation (AMWD) traded up 0.99% during midday trading on Wednesday, hitting $81.65. The stock had a trading volume of 17,001 shares. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The company has a market cap of $1.34 billion, a P/E ratio of 18.64 and a beta of 1.41. The stock’s 50-day moving average is $95.01 and its 200-day moving average is $90.63.
American Woodmark Corporation (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. The firm had revenue of $276.83 million for the quarter, compared to the consensus estimate of $278.80 million. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. Equities analysts predict that American Woodmark Corporation will post $4.94 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Zelman & Associates lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub raised American Woodmark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.
In other news, insider Steven Cary Dunston sold 500 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $80.55, for a total value of $40,275.00. Following the transaction, the insider now owns 49,109 shares of the company’s stock, valued at approximately $3,955,729.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Roger Perry Campbell sold 1,467 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $96.12, for a total transaction of $141,008.04. Following the completion of the transaction, the senior vice president now directly owns 15,141 shares in the company, valued at approximately $1,455,352.92. The disclosure for this sale can be found here. Insiders have sold a total of 64,459 shares of company stock worth $6,153,817 in the last ninety days. 1.10% of the stock is currently owned by insiders.
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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