Insider Selling: American Woodmark Corp. Director Sells 3,000 Shares of Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William Brandt sold 3,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $38.39, for a total transaction of $115,170.00. Following the completion of the sale, the director now directly owns 2,706,981 shares of the company’s stock, valued at approximately $103,921,001. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, 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, October 22nd. They now have a $41.40 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Woodmark Corp. has a consensus rating of “Buy” and a consensus target price of $38.35.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.08% during mid-day trading on Monday, hitting $38.43. The stock had a trading volume of 38,270 shares. American Woodmark Corp. has a 52 week low of $26.74 and a 52 week high of $39.97. The stock’s 50-day moving average is $36.24 and its 200-day moving average is $35.23. The company has a market cap of $591.5 million and a price-to-earnings ratio of 30.52.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.05. The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $184.77 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that American Woodmark Corp. will post $1.56 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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