Alliancebernstein L.P. raised its stake in American Woodmark Corporation (NASDAQ:AMWD) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,300 shares of the company’s stock after buying an additional 1,600 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of American Woodmark Corporation worth $1,940,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in American Woodmark Corporation by 1.4% in the first quarter. Arizona State Retirement System now owns 7,265 shares of the company’s stock valued at $667,000 after buying an additional 100 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Woodmark Corporation by 148,318.8% during the 1st quarter. BlackRock Inc. now owns 1,806,257 shares of the company’s stock worth $165,816,000 after purchasing an additional 1,805,040 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of American Woodmark Corporation by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 109,409 shares of the company’s stock worth $10,044,000 after purchasing an additional 3,617 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of American Woodmark Corporation during the 1st quarter worth approximately $422,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of American Woodmark Corporation by 8.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,038 shares of the company’s stock worth $5,928,000 after purchasing an additional 4,774 shares in the last quarter. 80.37% of the stock is owned by institutional investors.
American Woodmark Corporation (AMWD) opened at 99.95 on Friday. The firm has a 50-day moving average of $93.67 and a 200-day moving average of $92.93. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 22.82 and a beta of 1.45.
American Woodmark Corporation (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.14). The firm had revenue of $276.83 million for the quarter, compared to analyst estimates of $278.80 million. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. American Woodmark Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Analysts anticipate that American Woodmark Corporation will post $4.91 EPS for the current year.
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AMWD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Friday, September 1st. BidaskClub lowered shares of American Woodmark Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
In other news, SVP Roger Perry Campbell sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $89.29, for a total value of $267,870.00. Following the completion of the sale, the senior vice president now owns 11,415 shares of the company’s stock, valued at $1,019,245.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $80.55, for a total transaction of $40,275.00. Following the completion of the sale, the insider now directly owns 49,109 shares of the company’s stock, valued at approximately $3,955,729.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,157 shares of company stock worth $5,226,615. 1.10% of the stock is owned by corporate insiders.
About American Woodmark Corporation
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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