American Vanguard Corp. (AVD) Shares Down 2.6%
American Vanguard Corp. (NYSE:AVD)’s share price was down 2.6% during trading on Friday . The stock traded as low as $14.79 and last traded at $14.85, with a volume of 182,803 shares traded. The stock had previously closed at $15.24.
Several equities analysts recently commented on AVD shares. Roth Capital downgraded American Vanguard Corp. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $14.50 in a research report on Wednesday, May 4th. Zacks Investment Research upgraded American Vanguard Corp. from a “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a research report on Wednesday, May 4th. Finally, BB&T Corp. downgraded 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.17.
The firm has a market capitalization of $433.74 million and a PE ratio of 45.78. The stock’s 50-day moving average is $15.12 and its 200 day moving average is $14.24.
American Vanguard Corp. (NYSE:AVD) last posted its earnings results on Tuesday, May 3rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm earned $69.47 million during the quarter, compared to analyst estimates of $71.71 million. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that American Vanguard Corp. will post $0.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Thursday, June 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Tuesday, June 28th.
In other news, insider Ulrich Trogele bought 15,000 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were bought at an average price of $13.25 per share, with a total value of $198,750.00. Following the completion of the transaction, the insider now owns 67,604 shares of the company’s stock, valued at $895,753. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in American Vanguard Corp. stock. Bank of Montreal Can boosted its stake in shares of American Vanguard Corp. (NYSE:AVD) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 564,928 shares of the company’s stock after buying an additional 18,471 shares during the period. Bank of Montreal Can owned approximately 1.94% of American Vanguard Corp. worth $7,915,000 at the end of the most recent reporting period.
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).