Insider Selling: American Woodmark Corp. Director Unloads 3,000 Shares of Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt unloaded 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $36.81, for a total transaction of $110,430.00. Following the completion of the sale, the director now directly owns 2,677,981 shares of the company’s stock, valued at approximately $98,576,481. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded up 1.50% during mid-day trading on Thursday, hitting $37.82. 133,912 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 $31.33 and its 200-day moving average is $31.43. The company has a market cap of $586.7 million and a P/E ratio of 28.44.
American Woodmark Corp. (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 19th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.16. The company had revenue of $211.90 million for the quarter, compared to the consensus estimate of $196.92 million. During the same quarter last year, the company posted $0.43 earnings per share. American Woodmark Corp.’s revenue was up 19.0% compared to the same quarter last year. On average, analysts predict that American Woodmark Corp. will post $1.96 earnings per share for the current fiscal year.
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.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
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