Capstone Asset Management Co. cut its position in shares of American Woodmark Corporation (NASDAQ:AMWD) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 3,313 shares of the company’s stock after selling 240 shares during the period. Capstone Asset Management Co.’s holdings in American Woodmark Corporation were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in American Woodmark Corporation during the fourth quarter worth about $11,577,000. First National Bank of Omaha purchased a new position in American Woodmark Corporation during the first quarter worth about $799,000. Louisiana State Employees Retirement System raised its position in American Woodmark Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the company’s stock worth $523,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue raised its position in American Woodmark Corporation 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 last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in American Woodmark Corporation during the first quarter worth about $14,196,000. Institutional investors and hedge funds own 81.20% of the company’s stock.

Shares of American Woodmark Corporation (AMWD) traded up 1.46% during mid-day trading on Friday, reaching $93.85. 57,130 shares of the company’s stock were exchanged. American Woodmark Corporation has a 52-week low of $69.65 and a 52-week high of $107.30. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 21.62 and a beta of 1.41. The stock’s 50-day moving average is $96.79 and its 200-day moving average is $89.49.

American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The business had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $264.30 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. American Woodmark Corporation’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that American Woodmark Corporation will post $4.99 EPS for the current year.

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A number of research analysts recently issued reports on AMWD shares. Zacks Investment Research lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, BidaskClub lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

In other news, major shareholder William F. Brandt sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $97.70, for a total value of $293,100.00. Following the completion of the transaction, the insider now owns 1,880,973 shares of the company’s stock, valued at $183,771,062.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William F. Brandt sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $97.00, for a total transaction of $194,000.00. Following the sale, the insider now directly owns 1,883,973 shares of the company’s stock, valued at approximately $182,745,381. The disclosure for this sale can be found here. Insiders sold 62,959 shares of company stock valued at $6,018,042 in the last three months. Company insiders own 1.10% of the company’s stock.

About American Woodmark Corporation

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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Institutional Ownership by Quarter for American Woodmark Corporation (NASDAQ:AMWD)

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