American Woodmark Co. (NASDAQ:AMWD) Director Sells $100,987.50 in Stock

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

American Woodmark Stock Performance

NASDAQ:AMWD opened at $79.53 on Thursday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.89 and a beta of 1.59. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 1 year low of $76.57 and a 1 year high of $106.57. The firm has a 50 day moving average of $90.12 and a 200-day moving average of $89.68.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their target price on 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 research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of American Woodmark during the second quarter valued at approximately $71,000. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $80,000. DekaBank Deutsche Girozentrale raised its position in American Woodmark by 56.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock worth $114,000 after purchasing an additional 527 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in American Woodmark in the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.