American Woodmark Co. (NASDAQ:AMWD) Director Sells $141,590.07 in Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 1,679 shares of the firm’s stock in a transaction on 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 directly owns 28,644 shares of the company’s stock, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their ownership of the stock. 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 AMWD traded down $0.80 during mid-day trading on Friday, reaching $80.20. The company’s stock had a trading volume of 734,673 shares, compared to its average volume of 155,186. The business has a fifty day moving average of $92.88 and a 200 day moving average of $89.82. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 11.99 and a beta of 1.59. American Woodmark Co. has a 1 year low of $76.57 and a 1 year high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last released its 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 analysts’ expectations of $458.29 million. During the same quarter in the previous year, the company earned $2.36 EPS. American Woodmark’s revenue for the quarter was down 4.5% on a year-over-year basis.

Institutional Trading of American Woodmark

A number of institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after purchasing an additional 72,600 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Woodmark in the third quarter worth about $266,000. Barclays PLC lifted its position in shares of American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after buying an additional 22,804 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of American Woodmark by 4.2% in 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. Finally, XTX Topco Ltd acquired a new stake in shares of American Woodmark in the third quarter worth about $1,156,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital reduced 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, American Woodmark has an average rating of “Moderate Buy” and an average 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.