Insider Selling: American Woodmark Co. (NASDAQ:AMWD) CEO Sells 3,500 Shares of Stock

American Woodmark Co. (NASDAQ:AMWD) CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American Woodmark Stock Down 1.5 %

Shares of American Woodmark stock traded down $1.38 on Thursday, reaching $91.61. 15,242 shares of the company were exchanged, compared to its average volume of 153,610. The stock’s 50 day moving average price is $91.87 and its 200-day moving average price is $90.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. American Woodmark Co. has a 1-year low of $65.01 and a 1-year high of $106.57. The company has a market cap of $1.43 billion, a P/E ratio of 13.02 and a beta of 1.61.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted 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 during the period. Norges Bank purchased a new stake in American Woodmark in the 4th quarter valued at approximately $10,027,000. Renaissance Technologies LLC increased its position in American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after purchasing an additional 103,801 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of American Woodmark during the 2nd quarter worth approximately $6,602,000. Finally, Cooke & Bieler LP raised its stake in shares of American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after buying an additional 80,873 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMWD. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Robert W. Baird dropped their price objective on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Loop Capital reduced their target price on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Finally, Wolfe Research upgraded 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.00.

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.