Insider Selling: William F. Brandt Sells 1,000 Shares of American Woodmark Corp. Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt unloaded 1,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $28.43, for a total transaction of $28,430.00. Following the sale, the director now directly owns 2,690,981 shares of the company’s stock, valued at approximately $76,504,590. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded up 3.18% during mid-day trading on Thursday, hitting $29.19. 57,766 shares of the company’s stock traded hands. American Woodmark Corp. has a 1-year low of $25.10 and a 1-year high of $39.97. The stock has a 50-day moving average of $29.18 and a 200-day moving average of $33.36. The company has a market cap of $453.6 million and a price-to-earnings ratio of 21.86. American Woodmark Corp. also was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 426,387 shares, a decline of 25.7% from the April 30th total of 573,953 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 112,455 shares, the short-interest ratio is currently 3.8 days.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.06. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $187.41 million. During the same quarter last year, the company posted $0.36 earnings per share. American Woodmark Corp.’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that American Woodmark Corp. will post $1.85 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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