James Investment Research Inc. reduced its stake in American Woodmark Corporation (NASDAQ:AMWD) by 9.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,305 shares of the company’s stock after selling 345 shares during the period. James Investment Research Inc.’s holdings in American Woodmark Corporation were worth $316,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in American Woodmark Corporation during the first quarter valued at $110,000. Dubuque Bank & Trust Co. acquired a new position in shares of American Woodmark Corporation during the first quarter worth approximately $140,000. State of Alaska Department of Revenue boosted its position in shares of American Woodmark Corporation by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock worth $141,000 after buying an additional 20 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of American Woodmark Corporation by 1,164.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,667 shares of the company’s stock worth $244,000 after buying an additional 2,456 shares during the last quarter. Finally, Invictus RG acquired a new position in shares of American Woodmark Corporation during the first quarter worth approximately $255,000. Institutional investors own 80.82% of the company’s stock.
Shares of American Woodmark Corporation (AMWD) traded down 0.21% on Friday, reaching $93.35. 53,704 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $96.73 and a 200 day moving average price of $90.24. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The firm has a market cap of $1.52 billion, a PE ratio of 21.51 and a beta of 1.41.
American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $264.30 million. During the same quarter in the previous year, the company posted $0.86 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.
A number of research analysts have commented on AMWD shares. Zacks Investment Research cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
In other news, major shareholder William F. Brandt sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $95.50, for a total transaction of $95,500.00. Following the transaction, the insider now owns 1,876,973 shares of the company’s stock, valued at approximately $179,250,921.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Kent Guichard sold 9,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $94.25, for a total value of $933,075.00. Following the transaction, the chairman now directly owns 41,654 shares in the company, valued at approximately $3,925,889.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,959 shares of company stock worth $6,113,542. Corporate insiders own 1.10% of the company’s stock.
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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