Dimensional Fund Advisors LP cut its stake in shares of American Woodmark Corp. (NASDAQ:AMWD) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 632,492 shares of the company’s stock after selling 51,321 shares during the period. Dimensional Fund Advisors LP owned about 3.88% of American Woodmark Corp. worth $41,984,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMWD. Rothschild Asset Management Inc. boosted its stake in American Woodmark Corp. by 15.1% in the second quarter. Rothschild Asset Management Inc. now owns 300,853 shares of the company’s stock valued at $19,971,000 after buying an additional 39,565 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in shares of American Woodmark Corp. by 12.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 202,100 shares of the company’s stock worth $13,415,000 after buying an additional 22,500 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock worth $11,994,000 after buying an additional 25,516 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of American Woodmark Corp. by 16.6% in the second quarter. Frontier Capital Management Co. LLC now owns 126,492 shares of the company’s stock worth $8,397,000 after buying an additional 18,003 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of American Woodmark Corp. during the second quarter worth about $5,240,000. 79.41% of the stock is owned by hedge funds and other institutional investors.
Shares of American Woodmark Corp. (NASDAQ:AMWD) opened at 77.79 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 19.60 and a beta of 1.76. The stock’s 50 day moving average price is $82.03 and its 200-day moving average price is $75.49. American Woodmark Corp. has a one year low of $57.04 and a one year high of $89.89.
American Woodmark Corp. (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 23rd. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. The business earned $258.20 million during the quarter, compared to the consensus estimate of $261.65 million. During the same period in the prior year, the business posted $0.92 earnings per share. American Woodmark Corp.’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AMWD. Zacks Investment Research upgraded American Woodmark Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Robert W. Baird boosted their target price on American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th.
In other news, Director William F. Brandt sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $74.97, for a total transaction of $74,970.00. Following the completion of the sale, the director now directly owns 2,086,065 shares of the company’s stock, valued at $156,392,293.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Vance W. Tang sold 1,400 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $86.15, for a total value of $120,610.00. Following the sale, the director now directly owns 14,330 shares of the company’s stock, valued at $1,234,529.50. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
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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