American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis Sells 2,821 Shares

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 2,821 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $82.23, for a total transaction of $231,970.83. Following the transaction, the director now directly owns 25,823 shares of the company’s stock, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

American Woodmark Trading Down 1.0 %

Shares of American Woodmark stock opened at $80.20 on Friday. American Woodmark Co. has a 1-year low of $76.57 and a 1-year high of $106.57. The company’s fifty day simple moving average is $92.63 and its 200-day simple moving average is $89.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The stock has a market capitalization of $1.21 billion, a PE ratio of 11.99 and a beta of 1.59.

American Woodmark (NASDAQ:AMWD) last released its earnings results 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). The company had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. American Woodmark’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.36 earnings per share.

Institutional Investors Weigh In On American Woodmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of American Woodmark by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after purchasing an additional 7,496 shares during the period. Cooke & Bieler LP lifted its stake in shares of 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 buying an additional 80,873 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after buying an additional 129,692 shares during the period. Wellington Management Group LLP increased its stake in American Woodmark by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after buying an additional 40,378 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in American Woodmark by 59.1% during the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after acquiring an additional 179,644 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital reduced their price objective 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

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.