Insider Selling: American Woodmark Co. (NASDAQ:AMWD) Director Sells 2,821 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 2,821 shares of the stock in a transaction 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 transaction, the director now directly owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

American Woodmark Stock Performance

NASDAQ AMWD opened at $80.20 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 11.99 and a beta of 1.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark Co. has a 52-week low of $76.57 and a 52-week high of $106.57. The company has a fifty day moving average of $92.63 and a 200-day moving average of $89.78.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 EPS 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 business had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the previous year, the business earned $2.36 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis.

Institutional Trading of American Woodmark

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares during the period. Innealta Capital LLC bought a new position in American Woodmark during the 2nd quarter worth approximately $66,000. Picton Mahoney Asset Management purchased a new position in American Woodmark in the 2nd quarter worth approximately $71,000. Millburn Ridgefield Corp bought a new stake in American Woodmark in the third quarter valued at approximately $80,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of American Woodmark by 56.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock valued at $114,000 after purchasing an additional 527 shares during the period. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

American Woodmark Company Profile

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.