Insider Selling: American Woodmark Co. (NASDAQ:AMWD) CEO Sells 3,500 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD) CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares in the company, valued at approximately $10,514,012.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Woodmark Stock Down 1.5 %

NASDAQ:AMWD traded down $1.38 during trading hours on Thursday, reaching $91.61. The company’s stock had a trading volume of 15,242 shares, compared to its average volume of 153,610. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The company has a market capitalization of $1.43 billion, a P/E ratio of 13.02 and a beta of 1.61. The stock has a 50 day moving average price of $91.87 and a two-hundred day moving average price of $90.68. American Woodmark Co. has a 12 month low of $65.01 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The firm 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 business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.78 EPS.

Wall Street Analyst Weigh In

AMWD has been the topic of several analyst reports. Robert W. Baird cut their target price on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Finally, Loop Capital dropped their price objective on American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Woodmark presently has a consensus rating of “Hold” and an average price target of $102.00.

Hedge Funds Weigh In On American Woodmark

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares during the period. Norges Bank purchased a new stake in American Woodmark in the 4th quarter worth approximately $10,027,000. Renaissance Technologies LLC increased its holdings in shares of 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 purchasing an additional 103,801 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of American Woodmark during the 2nd quarter valued at approximately $6,602,000. Finally, Cooke & Bieler LP increased its stake in shares of American Woodmark by 9.8% in the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.