American Woodmark Corp. (AMWD) Shares Bought by PineBridge Investments L.P.
PineBridge Investments L.P. raised its position in American Woodmark Corp. (NASDAQ:AMWD) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,725 shares of the company’s stock after buying an additional 55 shares during the period. PineBridge Investments L.P.’s holdings in American Woodmark Corp. were worth $115,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas raised its position in American Woodmark Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 1,926 shares of the company’s stock valued at $128,000 after buying an additional 239 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in American Woodmark Corp. during the second quarter valued at $202,000. Scotia Capital Inc. purchased a new position in American Woodmark Corp. during the first quarter valued at $248,000. Alambic Investment Management L.P. purchased a new position in American Woodmark Corp. during the second quarter valued at $240,000. Finally, Bank of Montreal Can purchased a new position in American Woodmark Corp. during the second quarter valued at $274,000. 79.41% of the stock is currently owned by hedge funds and other institutional investors.
American Woodmark Corp. (NASDAQ:AMWD) opened at 79.69 on Thursday. The company’s 50-day moving average price is $82.02 and its 200 day moving average price is $75.02. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 20.08 and a beta of 1.76. American Woodmark Corp. has a 52-week low of $57.04 and a 52-week high of $89.89.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.39. The firm had revenue of $258.20 million for the quarter, compared to analyst estimates of $261.65 million. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. American Woodmark Corp.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Equities research analysts predict that American Woodmark Corp. will post $4.40 earnings per share for the current year.
Several equities analysts recently commented on the company. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Robert W. Baird boosted their price target on American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 24th.
In related news, Chairman Kent Guichard sold 12,502 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $85.05, for a total transaction of $1,063,295.10. Following the transaction, the chairman now directly owns 31,754 shares of the company’s stock, valued at $2,700,677.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William F. Brandt sold 12,312 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $79.76, for a total value of $982,005.12. Following the transaction, the insider now directly owns 1,936,065 shares in the company, valued at $154,420,544.40. The disclosure for this sale can be found here. Corporate insiders own 14.40% of the company’s stock.
American Woodmark Corp. Company 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.
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