American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 12,312 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $79.76, for a total transaction of $982,005.12. Following the sale, the insider now directly owns 1,936,065 shares in the company, valued at $154,420,544.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of American Woodmark Corp. (NASDAQ:AMWD) opened at 81.265 on Friday. The stock has a 50 day moving average of $80.64 and a 200-day moving average of $74.27. American Woodmark Corp. has a one year low of $57.04 and a one year high of $89.89. The company has a market capitalization of $1.33 billion, a PE ratio of 20.475 and a beta of 1.90.

American Woodmark Corp. (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.39. American Woodmark Corp. had a net margin of 6.70% and a return on equity of 23.08%. The business earned $258.20 million during the quarter, compared to the consensus estimate of $261.65 million. During the same quarter last year, the firm earned $0.92 earnings per share. American Woodmark Corp.’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of American Woodmark Corp. by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,278,895 shares of the company’s stock worth $84,893,000 after buying an additional 7,327 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of American Woodmark Corp. by 2.3% in the second quarter. BlackRock Fund Advisors now owns 1,050,957 shares of the company’s stock worth $69,763,000 after buying an additional 23,189 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of American Woodmark Corp. by 6.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 360,946 shares of the company’s stock worth $23,960,000 after buying an additional 22,868 shares in the last quarter. Rothschild Asset Management Inc. increased its position in shares of American Woodmark Corp. by 15.1% in the second quarter. Rothschild Asset Management Inc. now owns 300,853 shares of the company’s stock worth $19,971,000 after buying an additional 39,565 shares in the last quarter. Finally, State Street Corp increased its position in shares of American Woodmark Corp. by 3.0% in the second quarter. State Street Corp now owns 278,823 shares of the company’s stock worth $18,511,000 after buying an additional 8,214 shares in the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.

AMWD has been the topic of several analyst reports. Zacks Investment Research raised shares of American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Thursday, August 25th. Robert W. Baird raised shares of American Woodmark Corp. from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, June 3rd. They noted that the move was a valuation call.

About American Woodmark Corp.

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.

5 Day Chart for NASDAQ:AMWD

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