American Woodmark Co. (NASDAQ:AMWD) SVP Robert J. Adams, Jr. sold 1,884 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $95.00, for a total transaction of $178,980.00. Following the completion of the sale, the senior vice president now directly owns 11,445 shares in the company, valued at approximately $1,087,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AMWD opened at $95.61 on Friday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.43 and a beta of 2.24. American Woodmark Co. has a 1-year low of $53.35 and a 1-year high of $97.96. The company’s fifty day simple moving average is $85.48 and its 200 day simple moving average is $83.82. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11.
American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 27th. The company reported $2.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.20. The business had revenue of $427.40 million for the quarter, compared to the consensus estimate of $433.15 million. American Woodmark had a net margin of 5.22% and a return on equity of 19.20%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. As a group, research analysts forecast that American Woodmark Co. will post 7.35 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of AMWD. Nuveen Asset Management LLC acquired a new position in American Woodmark during the second quarter worth $5,543,000. BlackRock Inc. increased its holdings in shares of American Woodmark by 2.8% in the second quarter. BlackRock Inc. now owns 2,272,522 shares of the company’s stock valued at $192,301,000 after purchasing an additional 61,834 shares during the last quarter. Morgan Stanley increased its holdings in shares of American Woodmark by 327.9% in the second quarter. Morgan Stanley now owns 73,265 shares of the company’s stock valued at $6,200,000 after purchasing an additional 56,143 shares during the last quarter. Clark Estates Inc. NY acquired a new position in shares of American Woodmark in the second quarter valued at $3,342,000. Finally, Panagora Asset Management Inc. increased its holdings in shares of American Woodmark by 234,300.0% in the second quarter. Panagora Asset Management Inc. now owns 28,128 shares of the company’s stock valued at $2,380,000 after purchasing an additional 28,116 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
A number of analysts have recently commented on AMWD shares. ValuEngine lowered shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Friday, August 30th. Sidoti downgraded shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Wednesday, September 11th. Finally, BidaskClub upgraded shares of American Woodmark from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $96.60.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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