Ameriprise Financial Inc. increased its position in shares of American Woodmark Corp. (NASDAQ:AMWD) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,597 shares of the company’s stock after buying an additional 1,868 shares during the period. Ameriprise Financial Inc. owned about 0.40% of American Woodmark Corp. worth $4,355,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMWD. Moody Aldrich Partners LLC raised its position in American Woodmark Corp. by 262.8% in the second quarter. Moody Aldrich Partners LLC now owns 35,715 shares of the company’s stock worth $2,371,000 after buying an additional 25,870 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of American Woodmark Corp. during the second quarter valued at $274,000. New York State Teachers Retirement System increased its stake in shares of American Woodmark Corp. by 33.0% in the second quarter. New York State Teachers Retirement System now owns 13,296 shares of the company’s stock valued at $883,000 after buying an additional 3,300 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of American Woodmark Corp. during the second quarter valued at $600,000. Finally, Capstone Asset Management Co. increased its stake in shares of American Woodmark Corp. by 14.1% in the second quarter. Capstone Asset Management Co. now owns 6,300 shares of the company’s stock valued at $418,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 79.34% of the company’s stock.
American Woodmark Corp. (NASDAQ:AMWD) traded up 0.39% during mid-day trading on Tuesday, hitting $77.90. The stock had a trading volume of 5,918 shares. The firm has a market cap of $1.27 billion, a P/E ratio of 19.63 and a beta of 1.76. The stock has a 50 day moving average of $81.81 and a 200-day moving average of $75.55. American Woodmark Corp. has a 1-year low of $57.04 and a 1-year high of $89.89.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.39. The company had revenue of $258.20 million for the quarter, compared to the consensus estimate of $261.65 million. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. Analysts predict that American Woodmark Corp. will post $4.40 EPS for the current fiscal year.
Several analysts have weighed in on the company. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Robert W. Baird lifted their target price on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th.
In other news, major shareholder William F. Brandt sold 37,688 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $80.17, for a total value of $3,021,446.96. Following the transaction, the insider now owns 1,976,065 shares of the company’s stock, valued at approximately $158,421,131.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 5,000 shares of the stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $79.99, for a total value of $399,950.00. Following the completion of the transaction, the insider now directly owns 1,934,357 shares in the company, valued at approximately $154,729,216.43. The disclosure for this sale can be found here. 14.40% of the stock is owned by 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.