UBS Asset Management Americas Inc. increased its stake in American Woodmark Corp. (NASDAQ:AMWD) by 236.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,528 shares of the company’s stock after buying an additional 15,828 shares during the period. UBS Asset Management Americas Inc. owned about 0.14% of American Woodmark Corp. worth $1,496,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock valued at $11,994,000 after buying an additional 25,516 shares during the period. BlackRock Group LTD raised its position in American Woodmark Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 14,033 shares of the company’s stock valued at $1,047,000 after buying an additional 466 shares during the period. Motley Fool Wealth Management LLC raised its position in American Woodmark Corp. by 9.3% in the first quarter. Motley Fool Wealth Management LLC now owns 62,583 shares of the company’s stock valued at $4,668,000 after buying an additional 5,343 shares during the period. Scotia Capital Inc. bought a new position in American Woodmark Corp. during the first quarter valued at approximately $248,000. Finally, Quadrature Capital Ltd bought a new position in American Woodmark Corp. during the first quarter valued at approximately $511,000. 79.41% of the stock is currently owned by hedge funds and other institutional investors.
American Woodmark Corp. (NASDAQ:AMWD) traded down 1.16% during midday trading on Thursday, reaching $79.03. The company’s stock had a trading volume of 9,243 shares. The stock has a 50 day moving average of $82.49 and a 200 day moving average of $75.41. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.91 and a beta of 1.76. American Woodmark Corp. has a 52 week low of $57.04 and a 52 week high of $89.89.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.39. The firm had revenue of $258.20 million for the quarter, compared to analyst estimates of $261.65 million. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. American Woodmark Corp.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts predict that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
Several equities analysts recently commented on AMWD shares. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Robert W. Baird boosted their price target on American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 24th.
In other American Woodmark Corp. news, Director William F. Brandt sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $74.97, for a total value of $74,970.00. Following the transaction, the director now directly owns 2,086,065 shares of the company’s stock, valued at approximately $156,392,293.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Kent Guichard sold 12,502 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $85.05, for a total value of $1,063,295.10. Following the completion of the transaction, the chairman now directly owns 31,754 shares in the company, valued at $2,700,677.70. The disclosure for this sale can be found here. 14.40% of the stock is owned by company insiders.
About American Woodmark Corp.
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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