American Woodmark Corporation (AMWD) Major Shareholder William F. Brandt Sells 4,000 Shares

American Woodmark Corporation (NASDAQ:AMWD) major shareholder William F. Brandt sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $97.50, for a total value of $390,000.00. Following the completion of the transaction, the insider now directly owns 1,889,973 shares in the company, valued at $184,272,367.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of American Woodmark Corporation (NASDAQ:AMWD) traded down 0.88% during trading on Friday, reaching $95.50. The company had a trading volume of 116,714 shares. The company’s 50 day moving average is $92.65 and its 200-day moving average is $83.89. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.00 and a beta of 1.37. American Woodmark Corporation has a 1-year low of $60.80 and a 1-year high of $99.12.

American Woodmark Corporation (NASDAQ:AMWD) last posted its earnings results on Tuesday, May 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. The company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $264.30 million. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts anticipate that American Woodmark Corporation will post $4.99 earnings per share for the current year.

Insider Buying and Selling by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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Separately, Zacks Investment Research raised American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Thursday, March 2nd.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new position in American Woodmark Corporation during the first quarter worth about $110,000. Dubuque Bank & Trust Co. purchased a new position in shares of American Woodmark Corporation during the first quarter worth $140,000. State of Alaska Department of Revenue increased 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 period. Envestnet Asset Management Inc. increased 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 period. Finally, Invictus RG purchased a new position in shares of American Woodmark Corporation during the first quarter worth $255,000. Institutional investors own 81.87% 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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