American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis Sells 1,679 Shares

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

American Woodmark Stock Down 1.0 %

NASDAQ AMWD opened at $80.20 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm has a market cap of $1.21 billion, a PE ratio of 11.99 and a beta of 1.59. The stock’s 50 day simple moving average is $92.63 and its 200 day simple moving average is $89.78. American Woodmark Co. has a one year low of $76.57 and a one year high of $106.57.

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

Institutional Trading of American Woodmark

A number of hedge funds and other institutional investors have recently modified their holdings of AMWD. Victory Capital Management Inc. grew 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 acquiring an additional 117 shares during the period. Guidance Capital Inc. lifted its stake in American Woodmark by 2.3% in the third quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after buying an additional 119 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in 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 buying an additional 122 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in American Woodmark by 3.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock valued at $473,000 after buying an additional 203 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of American Woodmark by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock valued at $475,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMWD shares. Loop Capital decreased their price objective on shares of 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 boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, American Woodmark has an average rating of “Moderate Buy” and an average target price of $114.00.

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.