American Woodmark Corp. (AMWD) Position Decreased by BlackRock Institutional Trust Company N.A.

BlackRock Institutional Trust Company N.A. cut its stake in shares of American Woodmark Corp. (NASDAQ:AMWD) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,078 shares of the company’s stock after selling 6,622 shares during the period. BlackRock Institutional Trust Company N.A. owned 2.08% of American Woodmark Corp. worth $25,217,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Moody Aldrich Partners LLC acquired a new stake in American Woodmark Corp. during the first quarter valued at approximately $734,000. BlackRock Group LTD boosted its position in shares of 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 in the last quarter. Algert Global LLC boosted its position in shares of American Woodmark Corp. by 125.9% in the first quarter. Algert Global LLC now owns 14,433 shares of the company’s stock valued at $1,077,000 after buying an additional 8,043 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of American Woodmark Corp. by 4.0% in the first quarter. CIBC World Markets Inc. now owns 14,651 shares of the company’s stock valued at $1,093,000 after buying an additional 564 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of American Woodmark Corp. by 7.1% in the fourth quarter. Rhumbline Advisers now owns 16,119 shares of the company’s stock valued at $1,289,000 after buying an additional 1,070 shares in the last quarter.

American Woodmark Corp. (NASDAQ:AMWD) traded up 1.01% during trading on Thursday, reaching $75.25. The company’s stock had a trading volume of 177,316 shares. The firm has a market capitalization of $1.23 billion and a P/E ratio of 21.08. The firm has a 50-day moving average price of $69.42 and a 200-day moving average price of $70.25. 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 earnings results on Thursday, June 2nd. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.03. During the same period in the previous year, the business earned $0.68 earnings per share. The firm earned $240.90 million during the quarter, compared to the consensus estimate of $237.16 million. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that American Woodmark Corp. will post $3.93 EPS for the current fiscal year.

Several brokerages recently issued reports on AMWD. Zacks Investment Research cut American Woodmark Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, May 2nd. Robert W. Baird raised American Woodmark Corp. from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, June 3rd. They noted that the move was a valuation call.

In related news, Director William F. Brandt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $80.47, for a total value of $80,470.00. Following the completion of the transaction, the director now directly owns 2,093,265 shares of the company’s stock, valued at approximately $168,445,034.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Brandt sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $79.85, for a total value of $239,550.00. Following the completion of the transaction, the director now directly owns 2,096,065 shares of the company’s stock, valued at $167,370,790.25. The disclosure for this sale can be found here.

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.