Insider Selling: American Woodmark Corporation (AMWD) Major Shareholder Sells 8,000 Shares of Stock
American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 8,000 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $95.29, for a total transaction of $762,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
American Woodmark Corporation (AMWD) traded down 0.58% on Tuesday, hitting $95.00. 60,345 shares of the stock were exchanged. The company has a market cap of $1.54 billion, a PE ratio of 21.69 and a beta of 1.44. American Woodmark Corporation has a 52 week low of $69.65 and a 52 week high of $107.30. The company’s 50-day moving average is $89.02 and its 200-day moving average is $92.22.
American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.14). American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The business had revenue of $276.83 million for the quarter, compared to analyst estimates of $278.80 million. During the same quarter in the previous year, the business posted $1.32 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that American Woodmark Corporation will post $4.94 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMWD. Bank of New York Mellon Corp boosted its position in American Woodmark Corporation by 9.3% during the 1st quarter. Bank of New York Mellon Corp now owns 204,055 shares of the company’s stock worth $18,732,000 after acquiring an additional 17,341 shares during the period. Comerica Bank boosted its position in American Woodmark Corporation by 2.9% during the 1st quarter. Comerica Bank now owns 15,776 shares of the company’s stock worth $1,457,000 after acquiring an additional 444 shares during the period. Karp Capital Management Corp acquired a new stake in American Woodmark Corporation during the 1st quarter worth about $310,000. Ameriprise Financial Inc. boosted its position in American Woodmark Corporation by 4.6% during the 1st quarter. Ameriprise Financial Inc. now owns 73,121 shares of the company’s stock worth $6,713,000 after acquiring an additional 3,183 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in American Woodmark Corporation by 45.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 17,368 shares of the company’s stock worth $1,594,000 after acquiring an additional 5,437 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.
AMWD has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, BidaskClub downgraded shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.
American Woodmark Corporation 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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