Insider Selling: American Woodmark Co. (NASDAQ:AMWD) Director Sells 1,250 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD - Get Free Report) Director James G. Davis sold 1,250 shares of the company's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the sale, the director now directly owns 24,573 shares of the company's stock, valued at $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Woodmark Price Performance

NASDAQ:AMWD traded down $0.84 during trading hours on Monday, hitting $79.93. 117,794 shares of the company's stock traded hands, compared to its average volume of 154,246. American Woodmark Co. has a 52 week low of $76.57 and a 52 week high of $106.57. The business's fifty day simple moving average is $90.73 and its two-hundred day simple moving average is $89.76. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.20 billion, a P/E ratio of 11.95 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. During the same quarter last year, the company posted $2.36 earnings per share. The firm's revenue for the quarter was down 4.5% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMWD shares. Robert W. Baird increased their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Loop Capital reduced their price target on American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Hedge Funds Weigh In On American Woodmark

A number of hedge funds and other institutional investors have recently modified their holdings of AMWD. CWM LLC lifted its position in American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock valued at $58,000 after purchasing an additional 225 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of American Woodmark during the third quarter worth about $80,000. Picton Mahoney Asset Management bought a new stake in shares of American Woodmark in the second quarter worth about $71,000. DekaBank Deutsche Girozentrale increased its holdings in American Woodmark by 56.5% during the 2nd 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. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in American Woodmark during the 3rd quarter valued at about $158,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About American Woodmark

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.