Motley Fool Asset Management LLC lessened its holdings in American Woodmark Corporation (NASDAQ:AMWD) by 56.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,636 shares of the company’s stock after selling 66,271 shares during the quarter. Motley Fool Asset Management LLC owned 0.31% of American Woodmark Corporation worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Alps Advisors Inc. grew its stake in American Woodmark Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock valued at $530,000 after purchasing an additional 15 shares during the period. State of Alaska Department of Revenue grew its stake in American Woodmark Corporation by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock valued at $141,000 after purchasing an additional 20 shares during the period. Texas Permanent School Fund grew its stake in American Woodmark Corporation by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock valued at $974,000 after purchasing an additional 86 shares during the period. Louisiana State Employees Retirement System grew its stake in American Woodmark Corporation by 1.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the company’s stock valued at $523,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System grew its stake in American Woodmark Corporation by 1.4% in the 1st quarter. Arizona State Retirement System now owns 7,265 shares of the company’s stock valued at $667,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 80.12% of the company’s stock.

Shares of American Woodmark Corporation (NASDAQ AMWD) traded down 0.52% on Thursday, reaching $86.55. The company’s stock had a trading volume of 27,642 shares. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 19.76 and a beta of 1.41. American Woodmark Corporation has a 52-week low of $69.65 and a 52-week high of $107.30. The stock has a 50-day moving average of $92.04 and a 200 day moving average of $91.14.

American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by $0.14. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The company had revenue of $276.83 million for the quarter, compared to the consensus estimate of $278.80 million. During the same period in the prior year, the firm posted $1.32 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that American Woodmark Corporation will post $4.94 earnings per share for the current year.

AMWD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Friday, September 1st. BidaskClub downgraded American Woodmark Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Zelman & Associates downgraded American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

In other American Woodmark Corporation news, major shareholder William F. Brandt sold 9,233 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $96.52, for a total transaction of $891,169.16. Following the completion of the sale, the insider now owns 1,896,973 shares of the company’s stock, valued at $183,095,833.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $97.50, for a total value of $390,000.00. Following the sale, the insider now directly owns 1,889,973 shares of the company’s stock, valued at approximately $184,272,367.50. The disclosure for this sale can be found here. Insiders have sold 43,959 shares of company stock valued at $4,167,828 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

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American Woodmark Corporation 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.

Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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