Insider Selling: American Woodmark Corporation (NASDAQ:AMWD) Major Shareholder Sells 3,000 Shares of Stock
American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.45, for a total transaction of $289,350.00. Following the completion of the sale, the insider now owns 1,877,973 shares of the company’s stock, valued at approximately $181,130,495.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Corporation (NASDAQ AMWD) traded down 0.26% during mid-day trading on Tuesday, hitting $96.40. 2,171 shares of the company traded hands. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 22.21 and a beta of 1.41. American Woodmark Corporation has a 52-week low of $69.65 and a 52-week high of $107.30. The firm has a 50-day moving average price of $96.94 and a 200 day moving average price of $88.49.
American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $264.30 million. During the same period in the prior year, the company earned $0.86 EPS. American Woodmark Corporation’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of AMWD. BlackRock Inc. increased its stake in shares of 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 last quarter. Broad Run Investment Management LLC raised its stake 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in American Woodmark Corporation by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 647,701 shares of the company’s stock worth $59,458,000 after buying an additional 1,885 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in American Woodmark Corporation by 3.1% in the first quarter. Rothschild Asset Management Inc. now owns 371,348 shares of the company’s stock worth $34,090,000 after buying an additional 11,263 shares in the last quarter. Finally, Royce & Associates LP raised its stake in American Woodmark Corporation by 1.5% in the first quarter. Royce & Associates LP now owns 367,630 shares of the company’s stock worth $33,748,000 after buying an additional 5,584 shares in the last quarter. 81.20% of the stock is owned by institutional investors.
Several analysts recently commented on AMWD shares. Zacks Investment Research cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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.
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