Renaissance Group LLC increased its stake in American Woodmark Corporation (NASDAQ:AMWD) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,608 shares of the company’s stock after buying an additional 4 shares during the period. Renaissance Group LLC’s holdings in American Woodmark Corporation were worth $272,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of American Woodmark Corporation during the third quarter valued at about $104,000. Teacher Retirement System of Texas increased its position in shares of American Woodmark Corporation by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 1,926 shares of the company’s stock valued at $128,000 after buying an additional 239 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of American Woodmark Corporation during the third quarter valued at about $129,000. Legal & General Group Plc increased its position in shares of American Woodmark Corporation by 36.5% in the second quarter. Legal & General Group Plc now owns 2,947 shares of the company’s stock valued at $193,000 after buying an additional 788 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of American Woodmark Corporation by 2.7% in the third quarter. Aperio Group LLC now owns 3,183 shares of the company’s stock valued at $256,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 81.94% of the company’s stock.
Shares of American Woodmark Corporation (NASDAQ:AMWD) traded up 0.06% on Friday, reaching $77.65. 16,755 shares of the company’s stock traded hands. American Woodmark Corporation has a 52 week low of $60.80 and a 52 week high of $89.57. The stock has a market capitalization of $1.26 billion, a PE ratio of 19.76 and a beta of 1.33. The company has a 50 day moving average of $74.51 and a 200-day moving average of $77.56.
American Woodmark Corporation (NASDAQ:AMWD) last announced its earnings results on Tuesday, November 22nd. The company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.10. The firm earned $264.10 million during the quarter, compared to analysts’ expectations of $278.61 million. American Woodmark Corporation had a net margin of 6.59% and a return on equity of 22.12%. American Woodmark Corporation’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Equities research analysts forecast that American Woodmark Corporation will post $4.20 earnings per share for the current year.
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Separately, Zacks Investment Research downgraded shares of American Woodmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, November 24th.
In other news, major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $78.55, for a total value of $392,750.00. Following the completion of the transaction, the insider now directly owns 1,904,364 shares in the company, valued at $149,587,792.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William F. Brandt sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $72.20, for a total transaction of $216,600.00. Following the completion of the transaction, the insider now owns 1,865,624 shares of the company’s stock, valued at $134,698,052.80. The disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock valued at $4,259,080 over the last 90 days. Insiders own 14.40% 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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