American Vanguard Corp. (AVD) Stock Price Down 2.6%
American Vanguard Corp. (NYSE:AVD) shares dropped 2.6% during mid-day trading on Friday . The stock traded as low as $14.79 and last traded at $14.85, with a volume of 182,803 shares. The stock had previously closed at $15.24.
AVD has been the subject of several research analyst reports. BB&T Corp. cut American Vanguard Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. They noted that the move was a valuation call. Zacks Investment Research cut American Vanguard Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Roth Capital cut American Vanguard Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $14.50 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.17.
The stock has a market capitalization of $433.74 million and a price-to-earnings ratio of 45.78. The firm’s 50-day moving average price is $15.12 and its 200 day moving average price is $14.24.
American Vanguard Corp. (NYSE:AVD) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The company had revenue of $69.47 million for the quarter, compared to analyst estimates of $71.71 million. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that American Vanguard Corp. will post $0.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Investors of record on Thursday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%.
In related news, insider Ulrich Trogele acquired 15,000 shares of American Vanguard Corp. stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $13.25 per share, for a total transaction of $198,750.00. Following the transaction, the insider now directly owns 67,604 shares of the company’s stock, valued at approximately $895,753. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in American Vanguard Corp. stock. Robeco Institutional Asset Management B.V. increased its position in shares of American Vanguard Corp. (NYSE:AVD) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,634 shares of the company’s stock after buying an additional 3,634 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.42% of American Vanguard Corp. worth $1,732,000 at the end of the most recent quarter.
American Vanguard Corporation (AVD) operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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