American Woodmark Corp. (AMWD) Sees Strong Trading Volume
Shares of American Woodmark Corp. (NASDAQ:AMWD) saw strong trading volume on Tuesday . 232,801 shares were traded 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.
A number of research analysts recently commented on the company. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Robert W. Baird increased their target price on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 24th.
The stock has a market cap of $1.43 billion and a price-to-earnings ratio of 21.92. The company’s 50-day moving average price is $77.13 and its 200-day moving average price is $72.59.
American Woodmark Corp. (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.39. During the same quarter in the prior year, the business earned $0.92 EPS. The business had revenue of $258.20 million for the quarter, compared to analysts’ expectations of $261.65 million. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that American Woodmark Corp. will post $4.40 EPS for the current year.
In related news, SVP Roger Perry Campbell sold 5,966 shares of American Woodmark Corp. stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $67.01, for a total transaction of $399,781.66. Following the transaction, the senior vice president now owns 15,865 shares in the company, valued at approximately $1,063,113.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William F. Brandt sold 1,000 shares of American Woodmark Corp. stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $65.12, for a total transaction of $65,120.00. Following the transaction, the director now owns 2,092,765 shares in the company, valued at approximately $136,280,856.80. The disclosure for this sale can be found here.
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.
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