Insider Selling: Kent Guichard Sells 10,000 Shares of American Woodmark Corp. Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Chairman Kent Guichard unloaded 10,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $32.96, for a total transaction of $329,600.00. Following the sale, the chairman now directly owns 86,029 shares in the company, valued at approximately $2,835,516. The sale was disclosed in a legal filing with the SEC, which is available at this link.
American Woodmark Corp. (NASDAQ:AMWD) traded down 2.26% during mid-day trading on Monday, hitting $31.95. 63,836 shares of the company’s stock traded hands. American Woodmark Corp. has a 52 week low of $20.43 and a 52 week high of $39.49. The stock has a 50-day moving average of $35.25 and a 200-day moving average of $34.88. The company has a market cap of $482.1 million and a P/E ratio of 31.07.
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 last year, the company posted $0.07 earnings per share. American Woodmark Corp.’s revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that American Woodmark Corp. will post $1.70 earnings per share for the current fiscal year.
A number of research firms have recently commented on AMWD. Analysts at Longbow Research upgraded shares of American Woodmark Corp. 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. Analysts at Zacks downgraded shares of American Woodmark Corp. 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.35.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
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