American Woodmark (NASDAQ:AMWD) Corp., a leading manufacturer in the millwood, veneer, plywood, and structural wood members industry, is headquartered in Winchester, Virginia. The company maintains a "GOOD" overall financial health score, with liquid assets exceeding short-term obligations, according to InvestingPro's comprehensive analysis. The company maintains a "GOOD" overall financial health score, with liquid assets exceeding short-term obligations, according to InvestingPro's comprehensive analysis.
The shares were sold at a weighted average price of $90.103, with the sale price ranging from $90.00 to $90.78 per share. This transaction totaled $315,360. Following the sale, Culbreth retains direct ownership of 106,432 shares in the company. While InvestingPro analysis indicates volatile stock price movements, management has been actively buying back shares.
American Woodmark Corp., a leading manufacturer in the millwood, veneer, plywood, and structural wood members industry, is headquartered in Winchester, Virginia.
In other recent news, American Woodmark Corporation reported a decrease in net sales for Q2 FY2025, amounting to $452.5 million, a 4.5% decline year-over-year. This was attributed to reduced demand in the remodel market and a slowdown in new construction single-family starts. 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. Despite these challenging conditions, Baird has maintained an Outperform rating for American Woodmark, adjusting its price target to $118 from the previous $115. This decision follows American Woodmark's recent financial results, revealing slight shortfalls in both quarterly revenue and EBITDA. Nevertheless, Baird remains confident in the company's long-term earnings potential, even as American Woodmark adjusts its EBITDA guidance to the lower end of their previous forecast. The company continues to repurchase its shares, enhancing shareholder value and improving earnings per share over the long term. For FY2025, American Woodmark anticipates a mid-single digit decline in the repair and remodel market, while new construction is projected to increase by low-single digits. Amid these market conditions, the company is focusing on growth, digital transformation, and platform design.
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