Michael Scott Culbreth Sells 3,500 Shares of American Woodmark Co. (NASDAQ:AMWD) Stock

American Woodmark Co. (NASDAQ:AMWD) CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $92.69, for a total transaction of $324,415.00.

American Woodmark Trading Up 2.0 %

Shares of NASDAQ:AMWD opened at $94.54 on Wednesday. American Woodmark Co. has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.47 billion, a PE ratio of 14.01 and a beta of 1.61. The company’s 50-day moving average price is $91.44 and its 200 day moving average price is $89.90.

American Woodmark (NASDAQ:AMWD) 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). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same period last year, the company earned $2.78 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently bought and sold shares of AMWD. CWM LLC raised its position in shares of American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares in the last quarter. Innealta Capital LLC bought a new stake in American Woodmark during the second quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new stake in American Woodmark in the second quarter worth approximately $71,000. DekaBank Deutsche Girozentrale boosted its stake in American Woodmark by 67.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock valued at $159,000 after purchasing an additional 631 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMWD shares. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and lifted their price target for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Wednesday, August 14th. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Robert W. Baird raised their price target on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

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.