Insider Selling: American Woodmark Corp. Director Sells 1,000 Shares of Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt unloaded 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $31.80, for a total transaction of $31,800.00. Following the sale, the director now directly owns 2,687,981 shares in the company, valued at approximately $85,477,796. 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 0.82% during mid-day trading on Thursday, hitting $31.62. The stock had a trading volume of 48,906 shares. American Woodmark Corp. has a one year low of $25.10 and a one year high of $39.97. The stock’s 50-day moving average is $29.34 and its 200-day moving average is $32.93. The company has a market cap of $500.7 million and a price-to-earnings ratio of 24.39.
American Woodmark Corp. (NASDAQ:AMWD) last announced its 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 $1.86 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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