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 Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now owns 109,932 shares in the company, valued at $9,998,315.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Michael Scott Culbreth also recently made the following trade(s):

• On Tuesday, October 1st, Michael Scott Culbreth sold 3,500 shares of American Woodmark stock. The shares were sold at an average price of $92.69, for a total value of $324,415.00.

American Woodmark Price Performance

Shares of AMWD stock opened at $94.54 on Wednesday. The firm has a fifty day simple moving average of $91.44 and a 200-day simple moving average of $89.90. The company has a market capitalization of $1.47 billion, a PE ratio of 14.01 and a beta of 1.61. American Woodmark Co. has a twelve month low of $70.58 and a twelve month high of $106.57. 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 (NASDAQ:AMWD) last announced 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 net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMWD. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and lifted their target price for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Robert W. Baird upped their price target on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds have recently bought and sold shares of AMWD. Pacer Advisors Inc. raised its position in shares of American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Renaissance Technologies LLC raised its holdings in American Woodmark by 294.9% in 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 in the last quarter. Hennessy Advisors Inc. bought a new position in American Woodmark during the 2nd quarter valued at $6,602,000. Cooke & Bieler LP grew its holdings in 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 acquiring an additional 80,873 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of American Woodmark in the 2nd quarter worth about $6,209,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.