American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Misses Estimates By $0.27 EPS

American Woodmark (NASDAQ:AMWD) released its earnings results on Thursday. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27), Zacks reports. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

American Woodmark Stock Down 13.0 %

NASDAQ:AMWD traded down $9.25 during midday trading on Thursday, reaching $61.90. The company had a trading volume of 495,302 shares, compared to its average volume of 157,955. The firm has a market capitalization of $931.60 million, a price-to-earnings ratio of 9.25 and a beta of 1.61. The stock’s fifty day simple moving average is $78.06 and its 200-day simple moving average is $87.16. American Woodmark has a 12-month low of $60.20 and a 12-month high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

Insiders Place Their Bets

In other American Woodmark news, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total transaction of $141,590.07. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the transaction, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock valued at $789,898 in the last ninety days. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMWD shares. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital cut their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.