American Vanguard (NYSE:AVD) Stock Price Crosses Above 200 Day Moving Average of $10.66

Shares of American Vanguard Co. (NYSE:AVD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.66 and traded as high as $11.21. American Vanguard shares last traded at $11.07, with a volume of 150,526 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AVD shares. Loop Capital lifted their price target on American Vanguard from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Roth Mkm lifted their price target on American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 15th. StockNews.com upgraded American Vanguard from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Finally, Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Vanguard has a consensus rating of “Buy” and a consensus target price of $18.00.

American Vanguard Trading Up 0.5 %

The firm has a market capitalization of $327.17 million, a P/E ratio of 42.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 1.87. The firm has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $10.67.

American Vanguard (NYSE:AVD) last issued its earnings results on Thursday, March 14th. The basic materials company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $172.20 million during the quarter, compared to analysts’ expectations of $172.70 million. American Vanguard had a return on equity of 2.05% and a net margin of 1.30%. On average, equities research analysts expect that American Vanguard Co. will post 0.77 EPS for the current fiscal year.

American Vanguard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. American Vanguard’s dividend payout ratio is 44.45%.

Institutional Trading of American Vanguard

Several hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of American Vanguard during the first quarter worth $275,000. Wellington Management Group LLP raised its holdings in shares of American Vanguard by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 1,685,126 shares of the basic materials company’s stock worth $18,486,000 after acquiring an additional 73,120 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of American Vanguard during the fourth quarter worth $4,940,000. Cruiser Capital Advisors LLC raised its holdings in shares of American Vanguard by 0.6% during the fourth quarter. Cruiser Capital Advisors LLC now owns 974,155 shares of the basic materials company’s stock worth $10,686,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Invenomic Capital Management LP raised its holdings in shares of American Vanguard by 256.9% during the fourth quarter. Invenomic Capital Management LP now owns 876,708 shares of the basic materials company’s stock worth $9,617,000 after acquiring an additional 631,070 shares in the last quarter. 79.04% of the stock is currently owned by hedge funds and other institutional investors.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.