Today: The American Woodmark Corp. (AMWD) Stake Increased by Nationwide Fund Advisors

The American Woodmark Corp. (AMWD) Stake Increased by Nationwide Fund Advisors

Nationwide Fund Advisors boosted its position in American Woodmark Corp. (NASDAQ:AMWD) by 22.0% during the second quarter, Holdings Channel reports. The fund owned 34,060 shares of the company’s stock after buying an additional 6,137 shares during the period. Nationwide Fund Advisors owned 0.21% of American Woodmark Corp. worth $2,261,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AMWD. Rothschild Asset Management Inc. boosted its stake in American Woodmark Corp. by 15.1% in the second quarter. Rothschild Asset Management Inc. now owns 300,853 shares of the company’s stock worth $19,971,000 after buying an additional 39,565 shares during the last quarter. Prudential Financial Inc. boosted its stake in American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock worth $11,994,000 after buying an additional 25,516 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in American Woodmark Corp. by 16.6% in the second quarter. Frontier Capital Management Co. LLC now owns 126,492 shares of the company’s stock worth $8,397,000 after buying an additional 18,003 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in American Woodmark Corp. by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 65,597 shares of the company’s stock worth $4,355,000 after buying an additional 1,868 shares during the last quarter. Finally, Motley Fool Wealth Management LLC boosted its stake in American Woodmark Corp. by 9.3% in the first quarter. Motley Fool Wealth Management LLC now owns 62,583 shares of the company’s stock worth $4,668,000 after buying an additional 5,343 shares during the last quarter. Institutional investors own 79.41% of the company’s stock.

Shares of American Woodmark Corp. (NASDAQ:AMWD) traded up 0.42% during midday trading on Wednesday, reaching $79.80. 10,304 shares of the company’s stock were exchanged. The company’s 50-day moving average is $82.62 and its 200-day moving average is $75.37. The stock has a market cap of $1.30 billion, a P/E ratio of 20.11 and a beta of 1.76. American Woodmark Corp. has a one year low of $57.04 and a one year high of $89.89.

American Woodmark Corp. (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 23rd. The company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.39. The firm had revenue of $258.20 million for the quarter, compared to analyst estimates of $261.65 million. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. American Woodmark Corp.’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Equities analysts expect that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.

A number of brokerages have issued reports on AMWD. Zacks Investment Research raised shares of American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, August 25th. Robert W. Baird increased their price objective on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th.

In related news, Director William F. Brandt sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $88.87, for a total value of $2,666,100.00. Following the sale, the director now owns 2,046,065 shares in the company, valued at $181,833,796.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William F. Brandt sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $74.97, for a total value of $74,970.00. Following the completion of the sale, the director now owns 2,086,065 shares in the company, valued at approximately $156,392,293.05. The disclosure for this sale can be found here. 14.40% of the stock is owned by corporate insiders.

American Woodmark Corp. 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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