Legal & General Group Plc Raises Holdings in American Woodmark Corporation (AMWD)

Legal & General Group Plc grew its holdings in shares of American Woodmark Corporation (NASDAQ:AMWD) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,758 shares of the company’s stock after purchasing an additional 3,785 shares during the quarter. Legal & General Group Plc owned about 0.17% of American Woodmark Corporation worth $2,651,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its position in American Woodmark Corporation by 148,318.8% during the first 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 during the period. Broad Run Investment Management LLC boosted its position in American Woodmark Corporation by 3.2% during the first quarter. Broad Run Investment Management LLC now owns 1,400,486 shares of the company’s stock worth $128,565,000 after purchasing an additional 43,018 shares during the period. Dimensional Fund Advisors LP boosted its position in American Woodmark Corporation by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 647,701 shares of the company’s stock worth $59,458,000 after purchasing an additional 1,885 shares during the period. Rothschild Asset Management Inc. boosted its position in American Woodmark Corporation by 3.1% during the first quarter. Rothschild Asset Management Inc. now owns 371,348 shares of the company’s stock worth $34,090,000 after purchasing an additional 11,263 shares during the period. Finally, Royce & Associates LP boosted its position in American Woodmark Corporation by 1.5% during the first quarter. Royce & Associates LP now owns 367,630 shares of the company’s stock worth $33,748,000 after purchasing an additional 5,584 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

American Woodmark Corporation (NASDAQ AMWD) opened at 89.55 on Wednesday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 20.45 and a beta of 1.41. The firm’s 50-day moving average is $89.52 and its 200-day moving average is $91.51. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30.

American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The business had revenue of $276.83 million for the quarter, compared to analysts’ expectations of $278.80 million. During the same period in the previous year, the company earned $1.32 EPS. American Woodmark Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that American Woodmark Corporation will post $4.94 EPS for the current fiscal year.

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AMWD has been the subject of a number of research reports. Zacks Investment Research upgraded shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, August 25th. BidaskClub lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

In other news, CFO Michael Scott Culbreth sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $95.20, for a total transaction of $380,800.00. Following the completion of the sale, the chief financial officer now owns 11,688 shares of the company’s stock, valued at approximately $1,112,697.60. The transaction 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 2,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $97.00, for a total transaction of $194,000.00. Following the sale, the insider now directly owns 1,883,973 shares of the company’s stock, valued at approximately $182,745,381. The disclosure for this sale can be found here. Insiders have sold a total of 21,200 shares of company stock valued at $1,951,100 in the last ninety days. Insiders own 1.10% of the company’s stock.

American Woodmark Corporation 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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Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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