American Woodmark Corp. (AMWD) Sees Strong Trading Volume
Shares of American Woodmark Corp. (NASDAQ:AMWD) saw unusually-high trading volume on Thursday . Approximately 167,126 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 121,909 shares.The stock last traded at $75.12 and had previously closed at $74.85.
AMWD has been the topic of several recent analyst reports. Zacks Investment Research lowered American Woodmark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. Robert W. Baird upgraded American Woodmark Corp. from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, June 3rd. They noted that the move was a valuation call.
The stock has a market cap of $1.22 billion and a price-to-earnings ratio of 20.99. The firm has a 50 day moving average price of $74.11 and a 200 day moving average price of $71.09.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, June 2nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by $0.03. The company earned $240.90 million during the quarter, compared to analyst estimates of $237.16 million. During the same quarter last year, the firm posted $0.68 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. Equities research analysts forecast that American Woodmark Corp. will post $4.00 earnings per share for the current fiscal year.
In other American Woodmark Corp. news, SVP Roger Perry Campbell sold 5,966 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $67.01, for a total transaction of $399,781.66. Following the sale, the senior vice president now owns 15,865 shares in the company, valued at $1,063,113.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Brandt sold 1,000 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $64.37, for a total value of $64,370.00. Following the sale, the director now owns 2,090,184 shares in the company, valued at approximately $134,545,144.08. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of AMWD. Dimensional Fund Advisors LP increased its stake in American Woodmark Corp. by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 679,180 shares of the company’s stock valued at $54,321,000 after buying an additional 37,324 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of American Woodmark Corp. during the fourth quarter worth about $10,109,000. New York State Common Retirement Fund increased its stake in shares of American Woodmark Corp. by 30.0% in the fourth quarter. New York State Common Retirement Fund now owns 62,119 shares of the company’s stock worth $4,968,000 after buying an additional 14,343 shares during the period. Victory Capital Management Inc. increased its stake in shares of American Woodmark Corp. by 3,709.1% in the fourth quarter. Victory Capital Management Inc. now owns 39,881 shares of the company’s stock worth $3,190,000 after buying an additional 38,834 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of American Woodmark Corp. by 7.1% in the fourth quarter. Rhumbline Advisers now owns 16,119 shares of the company’s stock worth $1,289,000 after buying an additional 1,070 shares during the period.
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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