American Woodmark director James G. Davis sells $100,989 in inventory

James G. Davis, a director at American Woodmark Corp (NASDAQ:AMWD), just lately bought 1,250 shares of the corporate’s frequent inventory. The shares have been bought on December 27 at a weighted common value of $80.7916, with costs starting from $80.695 to $80.925. This transaction totaled $100,989. Following the sale, Davis holds 24,573 shares within the firm, representing a stake within the $1.22 billion market cap firm. Whereas this insider sale happens with the inventory buying and selling close to its 52-week low, InvestingPro evaluation reveals administration has been actively shopping for again shares, and the inventory seems undervalued primarily based on Truthful Worth calculations. InvestingPro subscribers can entry 8 extra key insights and a complete Professional Analysis Report protecting American Woodmark’s monetary well being, valuation metrics, and development prospects.

In different latest information, American Woodmark Company has been dealing with difficult market situations. The corporate reported a 4.5% year-over-year decline in web gross sales for Q2 FY2025, amounting to $452.5 million, attributed to decreased demand within the transform market and a slowdown in new development single-family begins. The adjusted EBITDA stood at $60.2 million, accounting for 13.3% of web gross sales, and earnings per share have been reported at $1.79.

Regardless of these challenges, Baird maintained an Outperform score on American Woodmark’s inventory, citing the corporate’s potential for long-term development and strategic capital deployment. The agency additionally elevated its value goal for American Woodmark to $118 from the earlier $115.

American Woodmark has been actively repurchasing its shares, with over 10% purchased again over the previous six quarters, a technique seen as enhancing shareholder worth and bettering earnings per share. Moreover, the corporate is specializing in development, digital transformation, and platform design to navigate the present market situations.

The corporate’s management stays assured within the long-term energy of the housing market and is implementing strategic initiatives comparable to operational excellence and price administration to mitigate challenges. Vital progress has been made with amenities in Monterrey, Mexico, and Hamlet, North Carolina. These are the latest developments surrounding American Woodmark Company.

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