William F. Brandt Sells 5,000 Shares of American Woodmark Corp. (AMWD) Stock
American Woodmark Corp. (NASDAQ:AMWD) major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $79.99, for a total transaction of $399,950.00. Following the transaction, the insider now owns 1,934,357 shares in the company, valued at approximately $154,729,216.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Corp. (NASDAQ:AMWD) opened at 78.47 on Friday. The firm has a 50 day moving average price of $82.28 and a 200-day moving average price of $75.43. American Woodmark Corp. has a 52 week low of $57.04 and a 52 week high of $89.89. The firm has a market capitalization of $1.28 billion, a P/E ratio of 19.77 and a beta of 1.76.
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, beating the consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. The company had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that American Woodmark Corp. will post $4.40 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of AMWD. Nordea Investment Management AB acquired a new stake in American Woodmark Corp. during the second quarter worth $600,000. Moody Aldrich Partners LLC increased its stake in American Woodmark Corp. by 262.8% in the second quarter. Moody Aldrich Partners LLC now owns 35,715 shares of the company’s stock worth $2,371,000 after buying an additional 25,870 shares during the period. Systematic Financial Management LP acquired a new stake in American Woodmark Corp. during the second quarter worth $5,240,000. Springbok Capital Management LLC increased its stake in American Woodmark Corp. by 2.2% in the first quarter. Springbok Capital Management LLC now owns 4,600 shares of the company’s stock worth $343,000 after buying an additional 100 shares during the period. Finally, Prudential Financial Inc. increased its stake in American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock worth $11,994,000 after buying an additional 25,516 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded American Woodmark Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Robert W. Baird upped their target price on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th.
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.
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