American Woodmark Corporation Buyback
OLI recorded this information on 12/1/2016
Company:
American Woodmark Corporation
Buyback:
AMWD buyback
$Amount Authorized:
$66,500,000
Buyback Details:
American Woodmark Corporation (NASDAQ: AMWD) today announced that on November 30, 2016 the Board of Directors authorized an additional stock repurchase program of up to $50 million of the Company's outstanding common shares. This authorization is in addition to the $15 million remaining from the November 2014 authorization and $1.5 million remaining from the November 2015 authorization. Management expects to fund share repurchases using available cash and cash generated from operations.
American Woodmark manufactures and distributes kitchen, bath and home organization products for the remodeling and new home construction markets. Co. provides a variety of products including kitchen cabinetry, bath cabinetry, office cabinetry, home organization and hardware. Co. provides made-to-order products, which are special ordered and shipped directly to the home from the factory and are sold through home centers, builders, and independent dealers and distributors; and stock products, which represent cash and carry products and are sold through home centers. Co.'s home organization products are stock products.
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Buy (2.67 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: AMWD Stock Forecast Based on Zacks ABR data; powered by Xignite |