American Woodmark Co. (NASDAQ:AMWD) major shareholder William F. Brandt sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $117.75, for a total transaction of $2,119,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of American Woodmark Co. (AMWD) opened at $117.95 on Thursday. The firm has a market cap of $2,007.32, a P/E ratio of 27.92 and a beta of 1.57. 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 $136.05.
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.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday. Robert W. Baird raised their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday. Finally, BidaskClub raised shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of American Woodmark by 274.8% in the second quarter. Royal Bank of Canada now owns 3,564 shares of the company’s stock worth $340,000 after buying an additional 2,613 shares during the period. Strs Ohio purchased a new position in shares of American Woodmark in the third quarter worth $877,000. Tributary Capital Management LLC increased its stake in shares of American Woodmark by 45.5% in the third quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock worth $15,483,000 after buying an additional 50,301 shares during the period. Citadel Advisors LLC purchased a new position in shares of American Woodmark in the second quarter worth $558,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of American Woodmark in the second quarter worth $322,000. 80.48% of the stock is currently owned by 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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