Stifel Financial Corp boosted its position in shares of American Woodmark Co. (NASDAQ:AMWD) by 21.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 149,193 shares of the company’s stock after buying an additional 26,562 shares during the period. Stifel Financial Corp’s holdings in American Woodmark were worth $13,678,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in shares of American Woodmark during the third quarter worth about $104,000. Ameritas Investment Partners Inc. purchased a new stake in shares of American Woodmark during the first quarter worth about $110,000. Dubuque Bank & Trust Co. purchased a new stake in shares of American Woodmark during the first quarter worth about $140,000. State of Alaska Department of Revenue boosted its stake in shares of American Woodmark by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock worth $141,000 after buying an additional 20 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of American Woodmark during the fourth quarter worth about $214,000. 81.94% of the stock is owned by hedge funds and other institutional investors.
Shares of American Woodmark Co. (NASDAQ:AMWD) traded up 0.06% during mid-day trading on Friday, hitting $88.30. The company had a trading volume of 86,480 shares. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 21.59 and a beta of 1.33. The stock’s 50-day moving average is $89.91 and its 200-day moving average is $81.62. American Woodmark Co. has a 52-week low of $60.80 and a 52-week high of $94.75.
American Woodmark (NASDAQ:AMWD) last released its earnings results on Monday, February 27th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The firm had revenue of $249.30 million during the quarter, compared to the consensus estimate of $236.36 million. American Woodmark had a return on equity of 22.12% and a net margin of 6.59%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Equities analysts forecast that American Woodmark Co. will post $4.30 earnings per share for the current year.
Separately, Zacks Investment Research raised American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Thursday, March 2nd.
In other American Woodmark news, major shareholder William F. Brandt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $86.41, for a total value of $432,050.00. Following the completion of the sale, the insider now directly owns 1,903,688 shares in the company, valued at $164,497,680.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 20,000 shares of company stock valued at $1,691,800 over the last 90 days. 14.40% of the stock is currently owned by insiders.
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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