American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis Sells 1,250 Shares

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following 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 filing with the Securities & Exchange Commission, which is available at this link.

American Woodmark Stock Down 1.5 %

Shares of NASDAQ:AMWD traded down $1.19 during mid-day trading on Monday, hitting $79.58. 24,372 shares of the company traded hands, compared to its average volume of 153,856. The stock has a 50-day moving average price of $91.07 and a two-hundred day moving average price of $89.78. American Woodmark Co. has a 12-month low of $76.57 and a 12-month high of $106.57. The stock has a market cap of $1.20 billion, a P/E ratio of 11.90 and a beta of 1.59. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $458.29 million. During the same period in the prior year, the firm earned $2.36 earnings per share. American Woodmark’s revenue was down 4.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMWD. Pzena Investment Management LLC increased its stake in American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after buying an additional 179,644 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of American Woodmark in the third quarter valued at approximately $15,967,000. Pacer Advisors Inc. grew its holdings in shares of American Woodmark by 18.2% in the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of American Woodmark by 294.9% during the second quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after acquiring an additional 103,801 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in American Woodmark during the third quarter worth $9,195,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMWD shares. Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird boosted 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.