American Woodmark Co. (NASDAQ:AMWD) major shareholder William F. Brandt sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $133.35, for a total transaction of $1,600,200.00. Following the completion of the sale, the insider now directly owns 1,743,245 shares in the company, valued at $232,461,720.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of American Woodmark Co. (NASDAQ AMWD) opened at $133.70 on Friday. The firm has a market cap of $2,150.00, a P/E ratio of 29.58 and a beta of 1.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95. American Woodmark Co. has a one year low of $69.65 and a one year high of $136.40.
American Woodmark (NASDAQ:AMWD) last announced its earnings results on Friday, December 1st. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. equities analysts anticipate that American Woodmark Co. will post 4.96 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the business. Broad Run Investment Management LLC raised its stake in shares of American Woodmark by 0.7% during the second quarter. Broad Run Investment Management LLC now owns 1,409,621 shares of the company’s stock worth $134,689,000 after acquiring an additional 9,135 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Woodmark by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 670,199 shares of the company’s stock worth $64,037,000 after acquiring an additional 22,498 shares in the last quarter. State Street Corp raised its stake in shares of American Woodmark by 4.1% during the second quarter. State Street Corp now owns 338,203 shares of the company’s stock worth $32,312,000 after acquiring an additional 13,438 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in shares of American Woodmark by 4.7% during the third quarter. Rothschild Asset Management Inc. now owns 335,692 shares of the company’s stock worth $32,310,000 after acquiring an additional 15,145 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of American Woodmark by 3.8% during the third quarter. Royce & Associates LP now owns 289,518 shares of the company’s stock worth $27,866,000 after acquiring an additional 10,598 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
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About American Woodmark
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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