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 company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $31.31, for a total transaction of $31,310.00. Following the completion of the transaction, the director now directly owns 2,680,981 shares of the company’s stock, valued at approximately $83,941,515. 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, August 5th. They now have a $30.90 price target on the stock.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 0.68% during mid-day trading on Thursday, hitting $30.55. 24,338 shares of the company’s stock traded hands. American Woodmark Corp. has a one year low of $25.10 and a one year high of $39.97. The stock has a 50-day moving average of $31. and a 200-day moving average of $31.50. The company has a market cap of $474.0 million and a price-to-earnings ratio of 23.48.
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 $1.86 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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