Insider Selling: American Woodmark Corp. Director Sells 1,000 Shares of 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 dated Tuesday, June 17th. The stock was sold at an average price of $32.12, for a total value of $32,120.00. Following the completion of the transaction, the director now directly owns 2,688,981 shares of the company’s stock, valued at approximately $86,370,070. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of American Woodmark Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 10th. They now have a $29.30 price target on the stock.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.50% on Thursday, hitting $31.56. 20,103 shares of the company’s stock traded hands. 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 $29.13 and a 200-day moving average of $33.05. The company has a market cap of $499.8 million and a price-to-earnings ratio of 24.27.
American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings data 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. Analysts expect that American Woodmark Corp. will post $1.82 EPS 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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