Insider Selling: American Woodmark Co. (NASDAQ:AMWD) Director Sells 1,250 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Woodmark Stock Down 0.5 %

Shares of NASDAQ:AMWD opened at $79.53 on Thursday. The company has a 50 day moving average price of $90.12 and a two-hundred day moving average price of $89.68. The company has a market capitalization of $1.20 billion, a PE ratio of 11.89 and a beta of 1.59. American Woodmark Co. has a 52 week low of $76.57 and a 52 week high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same period in the previous year, the business posted $2.36 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Loop Capital dropped their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently modified their holdings of AMWD. Victory Capital Management Inc. raised its holdings in American Woodmark by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock worth $1,440,000 after buying an additional 117 shares during the period. Guidance Capital Inc. increased its position in shares of American Woodmark by 2.3% during the third quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after acquiring an additional 119 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of American Woodmark by 4.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after acquiring an additional 122 shares during the period. Glenmede Trust Co. NA lifted its position in American Woodmark by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock valued at $475,000 after acquiring an additional 222 shares in the last quarter. Finally, CWM LLC boosted its stake in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares during the period. Institutional investors own 95.47% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.