American Woodmark Corp. Chairman Kent Guichard Sells 10,000 Shares (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Chairman Kent Guichard unloaded 10,000 shares of American Woodmark Corp. stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $31.75, for a total transaction of $317,500.00. Following the transaction, the chairman now directly owns 86,029 shares in the company, valued at approximately $2,731,421. The sale was disclosed in a document filed with the SEC, which is available at this link.
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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.35.
American Woodmark Corp. (NASDAQ:AMWD) traded up 2.74% during mid-day trading on Friday, hitting $33.42. The stock had a trading volume of 21,704 shares. American Woodmark Corp. has a one year low of $21.03 and a one year high of $39.49. The stock has a 50-day moving average of $35.11 and a 200-day moving average of $34.79. The company has a market cap of $504.3 million and a P/E ratio of 30.92.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict that American Woodmark Corp. will post $1.70 earnings per share 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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