Insider Selling: American Woodmark Corp. Director Unloads 1,000 Shares of Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt sold 1,000 shares of the stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $32.26, for a total transaction of $32,260.00. Following the transaction, the director now directly owns 2,686,981 shares in the company, valued at approximately $86,682,007. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.
American Woodmark Corp. (NASDAQ:AMWD) traded up 3.21% on Thursday, hitting $33.07. 69,446 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’s 50-day moving average is $29.78 and its 200-day moving average is $32.83. The company has a market cap of $523.7 million and a price-to-earnings ratio of 24.51.
American Woodmark Corp. (NASDAQ:AMWD) last released its 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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.