Insider Selling: American Woodmark Co. (NASDAQ:AMWD) Director Sells $231,970.83 in Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 2,821 shares of American Woodmark stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total value of $231,970.83. Following the sale, the director now directly owns 25,823 shares in the company, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

American Woodmark Price Performance

American Woodmark stock opened at $80.20 on Monday. The stock’s 50 day moving average is $92.63 and its 200 day moving average is $89.84. American Woodmark Co. has a one year low of $76.57 and a one year high of $106.57. The firm has a market cap of $1.21 billion, a P/E ratio of 11.99 and a beta of 1.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $452.50 million during the quarter, compared to analyst estimates of $458.29 million. During the same quarter last year, the firm posted $2.36 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

Hedge Funds Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently bought and sold shares of AMWD. Franklin Resources Inc. lifted its stake in shares of American Woodmark by 249.1% in the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after purchasing an additional 72,600 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of American Woodmark during the third quarter valued at about $266,000. Barclays PLC increased its holdings in American Woodmark by 267.9% during the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after purchasing an additional 22,804 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in American Woodmark by 4.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock valued at $285,000 after buying an additional 122 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of American Woodmark in the third quarter valued at about $1,156,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AMWD shares. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.