American Woodmark Co. (NASDAQ:AMWD) Director Sells $231,970.83 in Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 2,821 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Woodmark Stock Down 1.0 %

Shares of American Woodmark stock traded down $0.80 during midday trading on Friday, reaching $80.20. 734,673 shares of the company’s stock traded hands, compared to its average volume of 155,186. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 11.99 and a beta of 1.59. The company’s 50 day simple moving average is $92.88 and its 200 day simple moving average is $89.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark Co. has a 52 week low of $76.57 and a 52 week 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 for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The business had revenue of $452.50 million for 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 firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 EPS.

Analysts Set New Price Targets

A number of research firms have issued reports on AMWD. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird increased their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC raised its holdings in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the period. Innealta Capital LLC bought a new position in American Woodmark in the 2nd quarter worth $66,000. Picton Mahoney Asset Management bought a new position in American Woodmark in the 2nd quarter worth $71,000. Millburn Ridgefield Corp bought a new position in American Woodmark in the 3rd quarter worth $80,000. Finally, DekaBank Deutsche Girozentrale raised its holdings 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 acquiring an additional 527 shares during the period. Institutional investors 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.