American Vanguard Corporation (AVD) Insider David` T. Johnson Sells 6,000 Shares
American Vanguard Corporation (NYSE:AVD) insider David` T. Johnson sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the sale, the insider now owns 35,040 shares of the company’s stock, valued at $665,760. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
American Vanguard Corporation (AVD) remained flat at $18.80 during mid-day trading on Tuesday. The stock had a trading volume of 86,100 shares. American Vanguard Corporation has a 1-year low of $14.20 and a 1-year high of $20.00. The company’s 50 day moving average is $17.50 and its 200-day moving average is $17.13. The company has a market cap of $559.92 million, a P/E ratio of 40.87 and a beta of 1.37.
American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $70.70 million for the quarter, compared to the consensus estimate of $74.92 million. American Vanguard Corporation had a return on equity of 4.80% and a net margin of 4.30%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities analysts predict that American Vanguard Corporation will post $0.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, June 28th. American Vanguard Corporation’s dividend payout ratio (DPR) is presently 13.04%.
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A number of research analysts recently commented on the company. Zacks Investment Research upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. TheStreet upgraded American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Finally, BidaskClub upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.00.
Several large investors have recently modified their holdings of the company. Mason Street Advisors LLC boosted its stake in shares of American Vanguard Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock worth $100,000 after buying an additional 395 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock worth $174,000 after buying an additional 100 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of American Vanguard Corporation during the first quarter worth about $186,000. Oxford Asset Management bought a new stake in shares of American Vanguard Corporation during the first quarter valued at about $192,000. Finally, Hartford Investment Management Co. boosted its stake in shares of American Vanguard Corporation by 20.2% in the first quarter. Hartford Investment Management Co. now owns 12,500 shares of the basic materials company’s stock valued at $208,000 after buying an additional 2,100 shares during the period. Institutional investors own 76.49% of the company’s stock.
American Vanguard Corporation Company Profile
American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.
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