American Woodmark (NASDAQ:AMWD) Announces Earnings Results

American Woodmark (NASDAQ:AMWD) issued its quarterly earnings results on Thursday. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27), Zacks reports. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million.

American Woodmark Stock Up 0.3 %

Shares of AMWD opened at $62.08 on Friday. The firm has a market cap of $934.55 million, a P/E ratio of 9.28 and a beta of 1.61. The stock has a 50 day simple moving average of $77.31 and a two-hundred day simple moving average of $86.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark has a 1 year low of $60.64 and a 1 year high of $106.57.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMWD. Robert W. Baird increased their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital reduced their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and a consensus target price of $114.00.

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James G. Davis sold 1,679 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total value of $141,590.07. Following the sale, the director now directly owns 28,644 shares of the company’s stock, valued at approximately $2,415,548.52. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,250 shares of company stock valued at $789,898 over the last quarter. 1.30% of the stock is owned by corporate insiders.

About American Woodmark

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.