American Woodmark Corp. (AMWD) Sees Large Volume Increase
American Woodmark Corp. (NASDAQ:AMWD) shares saw unusually-strong trading volume on Tuesday . Approximately 232,801 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 215,696 shares.The stock last traded at $88.95 and had previously closed at $88.01.
Several research analysts have weighed in on AMWD shares. Zacks Investment Research lowered American Woodmark Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd. Robert W. Baird raised American Woodmark Corp. from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, June 3rd. They noted that the move was a valuation call.
The firm has a 50-day moving average of $76.86 and a 200-day moving average of $72.48. The company has a market cap of $1.44 billion and a PE ratio of 22.22.
American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.93 by $0.39. During the same period last year, the company earned $0.92 earnings per share. The company earned $258.20 million during the quarter, compared to analysts’ expectations of $261.65 million. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
In related news, insider Steven Cary Dunston sold 8,267 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $65.45, for a total transaction of $541,075.15. Following the completion of the sale, the insider now directly owns 50,738 shares of the company’s stock, valued at $3,320,802.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Brandt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $80.47, for a total value of $80,470.00. Following the sale, the director now directly owns 2,093,265 shares of the company’s stock, valued at $168,445,034.55. The disclosure for this sale can be found here.
An institutional investor recently raised its position in American Woodmark Corp. stock. Dimensional Fund Advisors LP raised its position in shares of American Woodmark Corp. (NASDAQ:AMWD) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 679,180 shares of the company’s stock after buying an additional 37,324 shares during the period. Dimensional Fund Advisors LP owned 4.17% of American Woodmark Corp. worth $54,321,000 as of its most recent SEC filing.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.