American Woodmark Co. (NASDAQ:AMWD - Get Free Report) CEO Michael Scott Culbreth sold 3,500 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the transaction, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Michael Scott Culbreth also recently made the following trade(s):
- On Tuesday, October 1st, Michael Scott Culbreth sold 3,500 shares of American Woodmark stock. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00.
American Woodmark Trading Up 1.6 %
Shares of NASDAQ:AMWD traded up $1.42 during midday trading on Monday, reaching $92.68. 87,198 shares of the company's stock were exchanged, compared to its average volume of 152,263. The firm's 50 day simple moving average is $91.48 and its two-hundred day simple moving average is $89.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 13.52 and a beta of 1.61. American Woodmark Co. has a fifty-two week low of $70.58 and a fifty-two week high of $106.57.
American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by ($0.48). The business had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 earnings per share.
Institutional Trading of American Woodmark
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company's stock valued at $66,275,000 after acquiring an additional 129,692 shares during the period. Renaissance Technologies LLC boosted its holdings in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company's stock valued at $10,925,000 after acquiring an additional 103,801 shares during the period. Hennessy Advisors Inc. purchased a new position in American Woodmark during the 2nd quarter valued at about $6,602,000. Cooke & Bieler LP boosted its holdings in American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company's stock valued at $71,499,000 after acquiring an additional 80,873 shares during the period. Finally, Paradigm Capital Management Inc. NY purchased a new position in American Woodmark during the 2nd quarter valued at about $6,209,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently weighed in on AMWD. Wolfe Research upgraded shares of American Woodmark from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Wednesday, August 14th. Zelman & Associates reiterated a "neutral" rating on shares of American Woodmark in a report on Wednesday, July 17th. Loop Capital upgraded shares of American Woodmark from a "hold" rating to a "buy" rating and increased their price target for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of American Woodmark from $112.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $108.00.
Read Our Latest Research Report on AMWD
About American Woodmark
(
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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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