American Woodmark Corporation (NASDAQ:AMWD) CFO Michael Scott Culbreth sold 4,000 shares of American Woodmark Corporation stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $95.20, for a total value of $380,800.00. Following the sale, the chief financial officer now directly owns 11,688 shares of the company’s stock, valued at $1,112,697.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Woodmark Corporation (NASDAQ:AMWD) opened at 96.70 on Tuesday. The firm has a market cap of $1.58 billion, a PE ratio of 22.28 and a beta of 1.41. The firm’s 50 day moving average price is $93.16 and its 200-day moving average price is $85.01. American Woodmark Corporation has a one year low of $69.65 and a one year high of $104.50.
American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, May 30th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The company had revenue of $258.70 million for the quarter, compared to analyst estimates of $264.30 million. During the same quarter in the prior year, the business posted $0.86 EPS. American Woodmark Corporation’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. raised its stake in American Woodmark Corporation by 8.3% in the first quarter. Capstone Asset Management Co. now owns 3,553 shares of the company’s stock valued at $326,000 after buying an additional 273 shares in the last quarter. First National Bank of Omaha bought a new stake in American Woodmark Corporation during the first quarter valued at about $799,000. Sheets Smith Wealth Management bought a new stake in American Woodmark Corporation during the first quarter valued at about $390,000. Macquarie Group Ltd. raised its stake in American Woodmark Corporation by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 489,583 shares of the company’s stock valued at $36,841,000 after buying an additional 6,019 shares in the last quarter. Finally, Norges Bank bought a new stake in American Woodmark Corporation during the fourth quarter valued at about $11,577,000. Institutional investors and hedge funds own 81.32% of the company’s stock.
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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