American Woodmark Corp. Chairman Sells $319,500 in Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Chairman Kent Guichard unloaded 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $31.95, for a total transaction of $319,500.00. Following the transaction, the chairman now directly owns 86,029 shares of the company’s stock, valued at approximately $2,748,627. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Woodmark Corp. (NASDAQ:AMWD) traded down 1.48% during mid-day trading on Wednesday, hitting $31.38. 93,285 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’s 50-day moving average is $35.13 and its 200-day moving average is $34.83. The company has a market cap of $473.5 million and a price-to-earnings ratio of 30.28.
American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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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