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 American Woodmark Corp. stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $32.06, for a total value of $32,060.00. Following the completion of the sale, the director now directly owns 2,685,981 shares in the company, valued at approximately $86,112,551. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
American Woodmark Corp. (NASDAQ:AMWD) opened at 31.95 on Thursday. 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 $30.43 and a 200-day moving average of $32.69. The company has a market cap of $495.7 million and a price-to-earnings ratio of 24.39.
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. Analysts expect that American Woodmark Corp. will post $1.86 EPS for the current fiscal year.
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 Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
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