American Woodmark Co. (AMWD) Stake Increased by Fmr LLC

FMR LLC raised its position in American Woodmark Co. (NASDAQ:AMWD) by 141.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 478,948 shares of the company’s stock after buying an additional 280,218 shares during the period. FMR LLC owned approximately 2.95% of American Woodmark worth $36,041,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. BlackRock Fund Advisors increased its position in American Woodmark by 3.0% in the third quarter. BlackRock Fund Advisors now owns 1,082,679 shares of the company’s stock valued at $87,231,000 after buying an additional 31,722 shares during the period. Dimensional Fund Advisors LP increased its position in American Woodmark by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 645,816 shares of the company’s stock valued at $48,598,000 after buying an additional 23,562 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in American Woodmark by 1,392.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 442,625 shares of the company’s stock valued at $35,663,000 after buying an additional 412,975 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in American Woodmark by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 366,139 shares of the company’s stock valued at $29,500,000 after buying an additional 5,193 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in American Woodmark by 6.8% in the third quarter. Rothschild Asset Management Inc. now owns 321,267 shares of the company’s stock valued at $25,884,000 after buying an additional 20,414 shares during the period. Institutional investors and hedge funds own 81.94% of the company’s stock.

Shares of American Woodmark Co. (NASDAQ:AMWD) traded up 0.81% on Friday, hitting $87.40. 146,825 shares of the company were exchanged. The firm’s 50-day moving average is $87.61 and its 200-day moving average is $79.57. The stock has a market capitalization of $1.42 billion, a PE ratio of 21.37 and a beta of 1.33. American Woodmark Co. has a 52-week low of $60.80 and a 52-week high of $92.25.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. The firm earned $249.30 million during the quarter, compared to analysts’ expectations of $236.36 million. American Woodmark had a net margin of 6.59% and a return on equity of 22.12%. American Woodmark’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities research analysts predict that American Woodmark Co. will post $4.30 earnings per share for the current year.

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Separately, Zacks Investment Research raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Tuesday, January 24th.

In other news, major shareholder William F. Brandt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $72.20, for a total value of $216,600.00. Following the completion of the sale, the insider now owns 1,865,624 shares in the company, valued at approximately $134,698,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William F. Brandt sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $86.41, for a total transaction of $432,050.00. Following the completion of the sale, the insider now owns 1,903,688 shares of the company’s stock, valued at approximately $164,497,680.08. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock valued at $2,663,050 in the last 90 days. Company insiders own 14.40% of the company’s stock.

American Woodmark Company Profile

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.