James G. Davis, a director at American Woodmark Corp (NASDAQ:AMWD), recently sold shares worth approximately $373,561. The transactions were executed on December 18 and December 20, involving a total of 4,500 shares of common stock. The shares were sold at prices ranging from $82.23 to $84.33 per share. The stock, currently trading at $80.20 with a market capitalization of $1.21 billion, shows a P/E ratio of 12.21 and is trading near its 52-week low. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value metrics. Following these transactions, Davis now owns 25,823 shares directly. For deeper insights into AMWD's valuation and performance metrics, including 10 additional ProTips and comprehensive analysis, visit InvestingPro, where you'll find detailed Pro Research Reports covering 1,400+ top US stocks.
In other recent news, American Woodmark Corporation reported a decrease in net sales for Q2 FY2025, amounting to $452.5 million, marking a 4.5% year-over-year decline. The company's adjusted EBITDA stood at $60.2 million, accounting for 13.3% of net sales, and earnings per share were reported at $1.79. This decline is attributed to a reduced demand in the remodel market and a slowdown in new construction single-family starts.
Despite these challenging market conditions, Baird maintained an Outperform rating on American Woodmark's stock, adjusting its price target to $118 from $115. The firm attributes the company's underperformance to a weaker macroeconomic environment but sees no change to American Woodmark's long-term earnings potential.
American Woodmark has also been actively repurchasing its shares, with over 10% bought back over the past six quarters. The company's leadership remains confident in the long-term strength of the housing market, implementing strategic initiatives such as operational excellence and cost management to navigate these market conditions. According to Baird, these factors could contribute to an attractive earnings per share of over $15 in the future.
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