American Vanguard Co. (NYSE:AVD) saw unusually-strong trading volume on Tuesday after Roth Capital raised their price target on the stock from $16.00 to $24.00. Roth Capital currently has a buy rating on the stock. Approximately 9,729 shares were traded during trading, a decline of 91% from the previous session’s volume of 109,931 shares.The stock last traded at $20.48 and had previously closed at $20.07.
Other analysts have also recently issued reports about the stock. Loop Capital upped their price target on shares of American Vanguard from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday. TheStreet upgraded shares of American Vanguard from a “c” rating to a “b-” rating in a report on Wednesday, February 24th.
Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in American Vanguard in the 4th quarter worth $55,000. Strs Ohio acquired a new stake in shares of American Vanguard in the 1st quarter valued at about $126,000. Citigroup Inc. raised its stake in shares of American Vanguard by 282.7% in the 4th quarter. Citigroup Inc. now owns 6,920 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 5,112 shares in the last quarter. Poplar Forest Capital LLC acquired a new stake in shares of American Vanguard in the 4th quarter valued at about $157,000. Finally, Bfsg LLC acquired a new stake in shares of American Vanguard in the 1st quarter valued at about $210,000. Hedge funds and other institutional investors own 76.49% of the company’s stock.
The firm has a market cap of $631.02 million, a price-to-earnings ratio of 55.19 and a beta of 1.02. The business’s 50 day moving average price is $20.40 and its 200-day moving average price is $17.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.17 and a current ratio of 2.35.
American Vanguard (NYSE:AVD) last issued its earnings results on Wednesday, March 10th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $140.75 million for the quarter, compared to analyst estimates of $146.00 million. American Vanguard had a net margin of 2.40% and a return on equity of 3.16%. On average, analysts forecast that American Vanguard Co. will post 0.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Thursday, March 25th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 24th. This represents a $0.08 annualized dividend and a yield of 0.39%. American Vanguard’s dividend payout ratio (DPR) is 17.39%.
American Vanguard Company Profile (NYSE:AVD)
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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