American Vanguard Corp. (NYSE:AVD) announced a quarterly dividend on Monday, March 13th. Stockholders of record on Friday, March 31st will be paid a dividend of 0.015 per share on Friday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a boost from American Vanguard Corp.’s previous quarterly dividend of $0.01.
Shares of American Vanguard Corp. (NYSE:AVD) opened at 16.05 on Tuesday. The stock has a 50 day moving average of $16.10 and a 200 day moving average of $16.76. American Vanguard Corp. has a 52 week low of $12.60 and a 52 week high of $20.00. The firm has a market cap of $471.68 million, a P/E ratio of 36.48 and a beta of 1.27.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings results on Monday, March 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. American Vanguard Corp. had a return on equity of 4.36% and a net margin of 3.86%. The business had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $89.10 million. During the same quarter in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that American Vanguard Corp. will post $0.62 earnings per share for the current fiscal year.
In other American Vanguard Corp. news, insider Johann Venter sold 8,075 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $15.27, for a total transaction of $123,305.25. Following the transaction, the insider now owns 27,326 shares in the company, valued at approximately $417,268.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric G. Wintemute sold 10,000 shares of the stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $16.40, for a total value of $164,000.00. Following the transaction, the chief executive officer now owns 890,845 shares in the company, valued at approximately $14,609,858. The disclosure for this sale can be found here. Insiders have sold a total of 72,075 shares of company stock worth $1,153,505 in the last quarter. Company insiders own 4.30% of the company’s stock.
A number of equities research analysts recently weighed in on AVD shares. Piper Jaffray Companies upgraded American Vanguard Corp. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $12.00 to $17.00 in a research note on Monday, November 28th. Zacks Investment Research upgraded American Vanguard Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Roth Capital upgraded American Vanguard Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 23rd. Finally, Feltl & Co. restated a “strong-buy” rating on shares of American Vanguard Corp. in a research note on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. American Vanguard Corp. has a consensus rating of “Buy” and a consensus target price of $17.50.
About American Vanguard Corp.
American Vanguard Corporation (AVD) operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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