James G. Davis Sells 2,821 Shares of American Woodmark Co. (NASDAQ:AMWD) Stock

American Woodmark Co. (NASDAQ:AMWD) Director James G. Davis sold 2,821 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares in the company, valued at $2,123,425.29. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

American Woodmark Price Performance

Shares of American Woodmark stock traded down $0.80 during trading on Friday, hitting $80.20. 734,673 shares of the company’s stock traded hands, compared to its average volume of 155,186. The company has a market cap of $1.21 billion, a PE ratio of 11.99 and a beta of 1.59. American Woodmark Co. has a twelve month low of $76.57 and a twelve month high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm’s fifty day moving average price is $92.88 and its 200 day moving average price is $89.82.

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

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock valued at $1,440,000 after buying an additional 117 shares in the last quarter. Guidance Capital Inc. raised its stake in shares of American Woodmark by 2.3% in the third quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after acquiring an additional 119 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of American Woodmark by 4.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after acquiring an additional 122 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of American Woodmark by 3.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock worth $473,000 after acquiring an additional 203 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in shares of American Woodmark by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after acquiring an additional 222 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMWD has been the topic of several research analyst reports. Loop Capital decreased their price target 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 target price on shares of American Woodmark from $115.00 to $118.00 and gave the company 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 assigned a buy rating to the company’s stock. According to MarketBeat, American Woodmark presently has an average rating of “Moderate Buy” and a consensus 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.