Insider Selling: American Woodmark Corp. Chairman Sells 10,000 Shares of Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Chairman Kent Guichard unloaded 10,000 shares of American Woodmark Corp. stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $36.11, for a total transaction of $361,100.00. Following the sale, the chairman now directly owns 86,029 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AMWD has been the subject of a number of recent research reports. Analysts at Longbow Research upgraded shares of American Woodmark Corp. (NASDAQ:AMWD) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. They now have a $40.00 price target on the stock. Separately, analysts at Zacks downgraded shares of American Woodmark Corp. (NASDAQ:AMWD) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $41.40 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of American Woodmark Corp. (NASDAQ:AMWD) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 1st.
Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.35.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.30% during mid-day trading on Wednesday, hitting $36.07. 26,678 shares of the company’s stock traded hands. American Woodmark Corp. has a 52-week low of $19.00 and a 52-week high of $39.49. The stock’s 50-day moving average is $34.98 and its 200-day moving average is $34.61. The company has a market cap of $544.3 million and a P/E ratio of 34.39.
American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.10. The company had revenue of $178.10 million for the quarter, compared to the consensus estimate of $174.07 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts expect that American Woodmark Corp. will post $1.70 EPS for the current fiscal year.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
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