American Woodmark (NASDAQ:AMWD) Announces Quarterly Earnings Results

American Woodmark (NASDAQ:AMWD) posted its earnings results on Thursday. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27), Zacks reports. The company had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

American Woodmark Trading Up 0.2 %

NASDAQ AMWD traded up $0.12 on Friday, hitting $62.02. The company’s stock had a trading volume of 9,256 shares, compared to its average volume of 157,330. The firm has a market cap of $933.65 million, a PE ratio of 9.27 and a beta of 1.61. The company’s 50-day moving average is $77.68 and its 200 day moving average is $86.98. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark has a 1-year low of $60.98 and a 1-year high of $106.57.

Analyst Ratings Changes

Several brokerages recently commented on AMWD. Loop Capital dropped their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird raised their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark has a consensus rating of “Hold” and a consensus target price of $114.00.

Insiders Place Their Bets

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by company insiders.

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.