Alliancebernstein L.P. decreased its position in American Woodmark Corporation (NASDAQ:AMWD) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the company’s stock after selling 100 shares during the period. Alliancebernstein L.P.’s holdings in American Woodmark Corporation were worth $1,717,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of American Woodmark Corporation during the first quarter valued at approximately $110,000. Dubuque Bank & Trust Co. bought a new position in shares of American Woodmark Corporation during the first quarter valued at approximately $140,000. State of Alaska Department of Revenue raised 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 valued at $141,000 after buying an additional 20 shares in the last quarter. Envestnet Asset Management Inc. raised 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 valued at $244,000 after buying an additional 2,456 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of American Woodmark Corporation by 6.9% in the first quarter. Mason Street Advisors LLC now owns 3,264 shares of the company’s stock valued at $300,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.
American Woodmark Corporation (AMWD) opened at 99.60 on Friday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 22.95 and a beta of 1.41. The firm has a 50-day moving average of $96.35 and a 200 day moving average of $87.08. American Woodmark Corporation has a 52 week low of $69.65 and a 52 week high of $107.30.
American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The company had revenue of $258.70 million for the quarter, compared to the consensus estimate of $264.30 million. During the same period in the previous year, the business earned $0.86 EPS. American Woodmark Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts anticipate that American Woodmark Corporation will post $4.99 EPS for the current year.
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Several equities analysts have commented on the stock. Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st.
In other news, Director Andrew B. Cogan sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $94.40, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 5,240 shares in the company, valued at approximately $494,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kent Guichard sold 9,900 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $94.25, for a total value of $933,075.00. Following the completion of the sale, the chairman now owns 41,654 shares of the company’s stock, valued at $3,925,889.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,959 shares of company stock worth $5,435,592 over the last 90 days. 1.10% of the stock is owned by company insiders.
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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