Rhumbline Advisers lowered its stake in American Woodmark Corporation (NASDAQ:AMWD) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,078 shares of the company’s stock after selling 221 shares during the quarter. Rhumbline Advisers owned about 0.17% of American Woodmark Corporation worth $2,587,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in shares of American Woodmark Corporation in the 1st quarter valued at $110,000. Dubuque Bank & Trust Co. lifted its stake in shares of American Woodmark Corporation by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock valued at $158,000 after purchasing an additional 132 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of American Woodmark Corporation by 1,164.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,667 shares of the company’s stock valued at $244,000 after purchasing an additional 2,456 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of American Woodmark Corporation by 78.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,745 shares of the company’s stock valued at $262,000 after purchasing an additional 1,205 shares during the period. Finally, Invictus RG acquired a new position in shares of American Woodmark Corporation in the 1st quarter valued at $255,000. 80.36% of the stock is currently owned by institutional investors.

Shares of American Woodmark Corporation (NASDAQ:AMWD) opened at 89.30 on Tuesday. American Woodmark Corporation has a 52 week low of $69.65 and a 52 week high of $107.30. The firm has a market cap of $1.46 billion, a P/E ratio of 20.39 and a beta of 1.41. The company’s 50-day moving average price is $91.07 and its 200 day moving average price is $91.36.

American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 EPS 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 net margin of 6.85% and a return on equity of 20.89%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.32 EPS. On average, equities analysts anticipate that American Woodmark Corporation will post $4.94 earnings per share for the current year.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday. 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.

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In other American Woodmark Corporation news, major shareholder William F. Brandt sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $97.50, for a total transaction of $390,000.00. Following the sale, the insider now owns 1,889,973 shares of the company’s stock, valued at $184,272,367.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel T. Hendrix sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.63, for a total transaction of $241,890.00. Following the sale, the director now directly owns 7,155 shares in the company, valued at approximately $576,907.65. The disclosure for this sale can be found here. Insiders have sold 34,726 shares of company stock worth $3,276,659 in the last ninety days. Insiders own 1.10% of the company’s stock.

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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