Rothschild Asset Management Inc. boosted its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 335,692 shares of the company’s stock after acquiring an additional 15,145 shares during the period. Rothschild Asset Management Inc. owned 2.07% of American Woodmark worth $32,310,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Mesirow Financial Investment Management Equity Management boosted its holdings in shares of American Woodmark by 39.5% in the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 215,810 shares of the company’s stock valued at $20,621,000 after purchasing an additional 61,160 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of American Woodmark by 68.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 147,960 shares of the company’s stock valued at $14,241,000 after acquiring an additional 60,112 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in shares of American Woodmark by 45.5% during the 3rd quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after acquiring an additional 50,301 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of American Woodmark by 41.5% during the 2nd quarter. Prudential Financial Inc. now owns 153,888 shares of the company’s stock valued at $14,704,000 after acquiring an additional 45,124 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Woodmark by 157.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,736 shares of the company’s stock valued at $4,275,000 after acquiring an additional 27,328 shares in the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.
Several research analysts have commented on AMWD shares. Zacks Investment Research raised American Woodmark from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Friday, September 1st. BidaskClub lowered American Woodmark from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Robert W. Baird lifted their price objective on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday.
In related news, major shareholder William F. Brandt sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $117.75, for a total value of $2,119,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder William F. Brandt sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $97.11, for a total value of $1,165,320.00. Following the completion of the transaction, the insider now owns 1,808,631 shares in the company, valued at approximately $175,636,156.41. The disclosure for this sale can be found here. Insiders have sold a total of 94,168 shares of company stock valued at $9,263,644 in the last quarter. Company insiders own 1.10% of the company’s stock.
American Woodmark Co. (AMWD) traded down $0.45 during mid-day trading on Thursday, hitting $117.50. The stock had a trading volume of 137,622 shares, compared to its average volume of 112,936. American Woodmark Co. has a 1 year low of $69.65 and a 1 year high of $136.05. The company has a market cap of $1,920.00, a price-to-earnings ratio of 27.92 and a beta of 1.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.95 and a current ratio of 3.41.
American Woodmark (NASDAQ:AMWD) last issued its earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The firm had revenue of $274.80 million during the quarter, compared to the consensus estimate of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. equities analysts forecast that American Woodmark Co. will post 4.96 earnings per share for the current year.
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American Woodmark 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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