American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 4,511 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $90.30, for a total value of $407,343.30. Following the transaction, the insider now owns 1,833,245 shares of the company’s stock, valued at approximately $165,542,023.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of American Woodmark Corporation (NASDAQ:AMWD) opened at $95.45 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.45 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1,460.05, a P/E ratio of 20.66 and a beta of 1.55. American Woodmark Corporation has a twelve month low of $69.65 and a twelve month high of $107.30.

American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.14). The firm had revenue of $276.83 million during the quarter, compared to analysts’ expectations of $278.80 million. American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. research analysts expect that American Woodmark Corporation will post 4.92 EPS for the current fiscal year.

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Several research analysts have issued reports on AMWD shares. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, August 25th. BidaskClub lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zelman & Associates lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

Several hedge funds and other institutional investors have recently made changes to their positions in AMWD. BlackRock Inc. boosted its holdings in shares of American Woodmark Corporation by 148,318.8% in the first quarter. BlackRock Inc. now owns 1,806,257 shares of the company’s stock valued at $165,816,000 after purchasing an additional 1,805,040 shares during the period. Mesirow Financial Investment Management Equity Management boosted its holdings in shares of American Woodmark Corporation by 39.5% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 215,810 shares of the company’s stock valued at $20,621,000 after purchasing an additional 61,160 shares during the period. Pictet Asset Management Ltd. boosted its holdings in shares of American Woodmark Corporation by 68.4% in the third quarter. Pictet Asset Management Ltd. now owns 147,960 shares of the company’s stock valued at $14,241,000 after purchasing an additional 60,112 shares during the period. Tributary Capital Management LLC boosted its holdings in shares of American Woodmark Corporation by 45.5% in the third quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after purchasing an additional 50,301 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of American Woodmark Corporation by 41.5% in the second quarter. Prudential Financial Inc. now owns 153,888 shares of the company’s stock valued at $14,704,000 after purchasing an additional 45,124 shares during the period. Hedge funds and other institutional investors own 78.39% of the company’s stock.

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.

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

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