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 American Woodmark stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Woodmark Trading Down 0.2 %

American Woodmark stock opened at $92.09 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. American Woodmark Co. has a 12-month low of $65.01 and a 12-month high of $106.57. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.90 and a beta of 1.61. The firm has a 50 day moving average of $91.64 and a 200 day moving average of $90.67.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). The firm had revenue of $459.10 million for the quarter, compared to the consensus estimate of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 earnings per share.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On American Woodmark

Several large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in American Woodmark during the 4th quarter valued at approximately $10,027,000. TD Asset Management Inc lifted its holdings in shares of American Woodmark by 165.1% in the fourth quarter. TD Asset Management Inc now owns 11,400 shares of the company’s stock worth $1,058,000 after buying an additional 7,100 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of American Woodmark by 304.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,315 shares of the company’s stock worth $1,143,000 after acquiring an additional 9,267 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in American Woodmark by 6.2% during the fourth quarter. Keeley Teton Advisors LLC now owns 14,388 shares of the company’s stock valued at $1,336,000 after acquiring an additional 838 shares in the last quarter. Finally, Quantedge Capital Pte Ltd bought a new stake in American Woodmark in the 4th quarter valued at $1,950,000. 95.47% of the stock is currently 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.