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 stock on the open market in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $30.45, for a total value of $30,450.00. Following the completion of the transaction, the director now directly owns 2,681,981 shares in the company, valued at approximately $81,666,321. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of American Woodmark Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $30.90 price target on the stock.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.07% during mid-day trading on Thursday, hitting $30.67. 19,520 shares of the company’s stock traded hands. American Woodmark Corp. has a 1-year low of $25.10 and a 1-year high of $39.97. The stock has a 50-day moving average of $31.26 and a 200-day moving average of $31.66. The company has a market cap of $475.8 million and a P/E ratio of 23.43.
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. 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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