Goldman Sachs Group Inc. decreased its position in American Woodmark Corporation (NASDAQ:AMWD) by 35.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,408 shares of the company’s stock after selling 9,590 shares during the period. Goldman Sachs Group Inc. owned about 0.11% of American Woodmark Corporation worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in American Woodmark Corporation by 148,318.8% in the first quarter. BlackRock Inc. now owns 1,806,257 shares of the company’s stock worth $165,816,000 after buying an additional 1,805,040 shares during the period. Mesirow Financial Investment Management Equity Management bought a new position in American Woodmark Corporation during the first quarter worth $14,196,000. Norges Bank bought a new position in American Woodmark Corporation during the fourth quarter worth $11,577,000. Tributary Capital Management LLC bought a new position in American Woodmark Corporation during the first quarter worth $9,061,000. Finally, Broad Run Investment Management LLC raised its position in American Woodmark Corporation by 3.2% in the first quarter. Broad Run Investment Management LLC now owns 1,400,486 shares of the company’s stock worth $128,565,000 after buying an additional 43,018 shares during the period. 81.20% of the stock is currently owned by institutional investors.

American Woodmark Corporation (NASDAQ AMWD) remained flat at $96.90 during trading on Monday. The company’s stock had a trading volume of 3,998 shares. American Woodmark Corporation has a 1-year low of $69.65 and a 1-year high of $107.30. The firm has a 50 day moving average of $96.94 and a 200 day moving average of $88.49. The stock has a market cap of $1.58 billion, a P/E ratio of 22.33 and a beta of 1.41.

American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $264.30 million. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. American Woodmark Corporation’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. On average, analysts forecast that American Woodmark Corporation will post $4.99 EPS for the current year.

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AMWD has been the topic of a number of recent research reports. Zelman & Associates lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, BidaskClub lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

In other American Woodmark Corporation news, major shareholder William F. Brandt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $97.70, for a total transaction of $293,100.00. Following the completion of the transaction, the insider now owns 1,880,973 shares of the company’s stock, valued at $183,771,062.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Scott Culbreth sold 4,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $95.20, for a total value of $380,800.00. Following the transaction, the chief financial officer now directly owns 11,688 shares of the company’s stock, valued at approximately $1,112,697.60. The disclosure for this sale can be found here. Insiders have sold 59,959 shares of company stock valued at $5,728,692 in the last three months. 1.10% of the stock is currently owned by company insiders.

About American Woodmark Corporation

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.

Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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