American Woodmark Co. (NASDAQ:AMWD) Director Sells $141,590.07 in Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 1,679 shares of American Woodmark stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total value of $141,590.07. Following the sale, the director now directly owns 28,644 shares of the company’s stock, valued at $2,415,548.52. This represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

American Woodmark Trading Down 1.0 %

Shares of AMWD stock opened at $80.20 on Monday. The business has a 50-day moving average price of $92.63 and a two-hundred day moving average price of $89.84. American Woodmark Co. has a 12-month low of $76.57 and a 12-month high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.21 billion, a P/E ratio of 11.99 and a beta of 1.59.

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

Institutional Investors Weigh In On American Woodmark

Institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its stake in American Woodmark by 195.0% in the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after purchasing an additional 6,912 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of American Woodmark in the third quarter worth about $749,000. Creative Planning bought a new stake in shares of American Woodmark in the 3rd quarter valued at about $312,000. Acadian Asset Management LLC boosted its holdings in American Woodmark by 31.1% during the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after acquiring an additional 6,947 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Woodmark by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock valued at $27,728,000 after acquiring an additional 4,118 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

AMWD has been the subject of several recent analyst reports. Loop Capital cut 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. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, American Woodmark presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

American Woodmark Company Profile

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.