American Woodmark Co. (NASDAQ:AMWD) SVP Robert J. Adams, Jr. sold 1,884 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $95.00, for a total transaction of $178,980.00. Following the sale, the senior vice president now owns 11,445 shares of the company’s stock, valued at approximately $1,087,275. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
AMWD opened at $95.61 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.60 billion, a PE ratio of 13.51, a PEG ratio of 1.43 and a beta of 2.24. American Woodmark Co. has a 1-year low of $53.35 and a 1-year high of $97.96. The firm has a 50-day moving average price of $85.48 and a two-hundred day moving average price of $83.82.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.20. The firm had revenue of $427.40 million during the quarter, compared to analysts’ expectations of $433.15 million. American Woodmark had a net margin of 5.22% and a return on equity of 19.20%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 EPS. On average, research analysts predict that American Woodmark Co. will post 7.35 EPS for the current year.
Large investors have recently modified their holdings of the company. Capital Fund Management S.A. acquired a new stake in shares of American Woodmark during the 2nd quarter worth approximately $550,000. Raymond James & Associates grew its position in shares of American Woodmark by 16.1% during the 1st quarter. Raymond James & Associates now owns 22,824 shares of the company’s stock worth $1,886,000 after buying an additional 3,172 shares during the period. Arizona State Retirement System grew its position in shares of American Woodmark by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 23,289 shares of the company’s stock worth $1,971,000 after buying an additional 129 shares during the period. Swiss National Bank boosted its stake in American Woodmark by 6.0% during the 2nd quarter. Swiss National Bank now owns 28,300 shares of the company’s stock worth $2,395,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in American Woodmark by 11.2% during the 2nd quarter. Victory Capital Management Inc. now owns 94,159 shares of the company’s stock worth $7,968,000 after acquiring an additional 9,470 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.
A number of brokerages recently issued reports on AMWD. BidaskClub upgraded shares of American Woodmark from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. ValuEngine cut shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Sidoti cut shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Wednesday, September 11th. Finally, Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $96.60.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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