Rhumbline Advisers Buys 3,485 Shares of American Woodmark Co. (NASDAQ:AMWD)
Rhumbline Advisers raised its stake in American Woodmark Co. (NASDAQ:AMWD) by 8.0% during the 3rd quarter, Holdings Channel reports. The fund owned 46,869 shares of the company’s stock after acquiring an additional 3,485 shares during the period. Rhumbline Advisers’ holdings in American Woodmark were worth $4,167,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in AMWD. Nisa Investment Advisors LLC raised its holdings in American Woodmark by 312.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock valued at $28,000 after acquiring an additional 250 shares during the period. KBC Group NV acquired a new position in shares of American Woodmark during the 2nd quarter worth approximately $58,000. Meeder Asset Management Inc. acquired a new position in shares of American Woodmark during the 2nd quarter worth approximately $70,000. Public Employees Retirement System of Ohio grew its position in shares of American Woodmark by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,341 shares of the company’s stock worth $113,000 after purchasing an additional 550 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in shares of American Woodmark during the 2nd quarter worth approximately $182,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Michael Scott Culbreth sold 2,467 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $95.00, for a total transaction of $234,365.00. Following the sale, the chief financial officer now owns 17,255 shares in the company, valued at approximately $1,639,225. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $88.45, for a total transaction of $79,605.00. Following the completion of the sale, the director now owns 14,290 shares in the company, valued at approximately $1,263,950.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,803 shares of company stock worth $831,530 in the last quarter. 1.00% of the stock is currently owned by company insiders.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.20. The business had revenue of $427.40 million for the quarter, compared to analyst estimates of $433.15 million. American Woodmark had a net margin of 5.22% and a return on equity of 19.20%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. On average, equities research analysts forecast that American Woodmark Co. will post 7.35 earnings per share for the current year.
A number of brokerages have issued reports on AMWD. BidaskClub upgraded shares of American Woodmark from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. ValuEngine upgraded shares of American Woodmark from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. Sidoti lowered shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research report on Wednesday, September 11th. Finally, Zacks Investment Research lowered shares of American Woodmark from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $90.00.
American Woodmark Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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