Insider Selling: William F. Brandt Sells 1,000 Shares of American Woodmark Corp. Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $28.43, for a total value of $28,430.00. Following the sale, the director now directly owns 2,690,981 shares in the company, valued at approximately $76,504,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Woodmark Corp. (NASDAQ:AMWD) opened at 29.92 on Friday. American Woodmark Corp. has a 52 week low of $25.10 and a 52 week high of $39.97. The stock has a 50-day moving average of $29.1 and a 200-day moving average of $33.31. The company has a market cap of $465.0 million and a price-to-earnings ratio of 22.56. American Woodmark Corp. also was the recipient of a large 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. Based on an average trading volume of 112,455 shares, the short-interest ratio is currently 3.8 days. Approximately 3.5% of the company’s shares are short sold.
American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that American Woodmark Corp. will post $1.83 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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