American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis Sells 2,821 Shares

American Woodmark Co. (NASDAQ:AMWDGet Free Report) Director James G. Davis sold 2,821 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the sale, the director now owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $80.20 on Friday. American Woodmark Co. has a 1-year low of $76.57 and a 1-year high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.21 billion, a PE ratio of 11.99 and a beta of 1.59. The stock’s fifty day simple moving average is $92.63 and its two-hundred day simple moving average is $89.78.

American Woodmark (NASDAQ:AMWDGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same period in the previous year, the business earned $2.36 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

Analyst Ratings Changes

A number of analysts have commented on the stock. Loop Capital decreased their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird upped their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.00.

Check Out Our Latest Analysis on American Woodmark

Hedge Funds Weigh In On American Woodmark

Hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Woodmark during the 3rd quarter valued at $266,000. Barclays PLC raised its stake in shares of American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after purchasing an additional 22,804 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of American Woodmark by 4.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after buying an additional 122 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of American Woodmark in the 3rd quarter worth about $1,156,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About American Woodmark

(Get Free Report)

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.

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