Insider Selling: American Woodmark Co. (AMWD) Major Shareholder Sells 18,000 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD) major shareholder William F. Brandt sold 18,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $117.75, for a total transaction of $2,119,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of American Woodmark Co. (NASDAQ AMWD) traded down $5.65 during trading hours on Monday, hitting $122.05. 382,472 shares of the stock were exchanged, compared to its average volume of 110,246. The stock has a market capitalization of $1,990.00, a PE ratio of 28.50 and a beta of 1.57. American Woodmark Co. has a 1-year low of $69.65 and a 1-year high of $136.05. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.04.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.01). The firm had revenue of $274.80 million for the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a return on equity of 24.66% and a net margin of 8.05%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. equities research analysts forecast that American Woodmark Co. will post 4.92 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Robert W. Baird upped their target price on shares of American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a report on Monday. BidaskClub cut shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, September 19th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in American Woodmark by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock worth $530,000 after purchasing an additional 15 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in American Woodmark by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock worth $176,000 after purchasing an additional 18 shares in the last quarter. Texas Permanent School Fund raised its holdings in American Woodmark by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock worth $974,000 after purchasing an additional 86 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in American Woodmark by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,300 shares of the company’s stock worth $315,000 after purchasing an additional 100 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in American Woodmark by 3.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,135 shares of the company’s stock worth $395,000 after purchasing an additional 122 shares in the last quarter. 80.48% of the stock is owned by hedge funds and other institutional investors.

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About American Woodmark

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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