Ameriprise Financial Inc. increased its stake in shares of American Woodmark Co. (NASDAQ:AMWD) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,525 shares of the company’s stock after acquiring an additional 683 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.57% of American Woodmark worth $8,906,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Broad Run Investment Management LLC lifted its stake in shares of American Woodmark by 0.7% in the second quarter. Broad Run Investment Management LLC now owns 1,409,621 shares of the company’s stock valued at $134,689,000 after buying an additional 9,135 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Woodmark by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 670,199 shares of the company’s stock valued at $64,037,000 after purchasing an additional 22,498 shares during the last quarter. State Street Corp raised its holdings in shares of American Woodmark by 4.1% in the second quarter. State Street Corp now owns 338,203 shares of the company’s stock valued at $32,312,000 after purchasing an additional 13,438 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of American Woodmark by 13.0% in the second quarter. Teachers Advisors LLC now owns 233,902 shares of the company’s stock valued at $22,349,000 after purchasing an additional 26,824 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of American Woodmark by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 213,812 shares of the company’s stock valued at $20,429,000 after purchasing an additional 9,757 shares during the last quarter. 82.60% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on AMWD shares. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Friday, August 25th. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Robert W. Baird increased 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, December 4th.
American Woodmark (NASDAQ:AMWD) last announced its earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The firm had revenue of $274.80 million during the quarter, compared to analysts’ expectations of $280.60 million. During the same quarter in the prior year, the company earned $1.10 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts expect that American Woodmark Co. will post 4.96 EPS for the current year.
In related news, major shareholder William F. Brandt sold 18,728 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $93.21, for a total transaction of $1,745,636.88. Following the completion of the sale, the insider now owns 1,867,245 shares in the company, valued at $174,045,906.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William F. Brandt sold 18,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $117.75, for a total transaction of $2,119,500.00. The disclosure for this sale can be found here. Insiders have sold 87,468 shares of company stock valued at $8,663,089 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
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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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