American Woodmark Corp. Director Sells $114,390 in Stock (AMWD)
American Woodmark Corp. (NASDAQ:AMWD) Director William F. Brandt sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $38.13, for a total value of $114,390.00. Following the completion of the sale, the director now directly owns 2,676,681 shares in the company, valued at approximately $102,061,847. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded up 0.82% on Thursday, hitting $38.32. The stock had a trading volume of 42,228 shares. American Woodmark Corp. has a one year low of $25.10 and a one year high of $39.97. The stock’s 50-day moving average is $32.16 and its 200-day moving average is $31.58. The company has a market cap of $604.2 million and a price-to-earnings ratio of 25.80.
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 $2.02 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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