American Vanguard (NYSE:AVD) Stock Price Crosses Above Two Hundred Day Moving Average of $10.66

American Vanguard Co. (NYSE:AVD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.66 and traded as high as $11.21. American Vanguard shares last traded at $11.07, with a volume of 150,526 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on AVD shares. Roth Capital restated a “buy” rating on shares of American Vanguard in a research report on Wednesday, January 31st. Loop Capital upped their price target on shares of American Vanguard from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 15th. StockNews.com upgraded shares of American Vanguard from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Finally, Roth Mkm upped their price target on shares of American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $18.00.

American Vanguard Trading Down 0.4 %

The company has a quick ratio of 0.92, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $10.66. The company has a market capitalization of $318.82 million, a PE ratio of 41.00 and a beta of 1.00.

American Vanguard (NYSE:AVD) last posted its earnings results on Thursday, March 14th. The basic materials company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $172.20 million during the quarter, compared to analyst estimates of $172.70 million. American Vanguard had a net margin of 1.30% and a return on equity of 2.05%. Sell-side analysts anticipate that American Vanguard Co. will post 0.77 earnings per share for the current year.

American Vanguard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.08%. American Vanguard’s dividend payout ratio is currently 44.45%.

Hedge Funds Weigh In On American Vanguard

A number of institutional investors have recently bought and sold shares of AVD. Summit Global Investments bought a new position in American Vanguard in the third quarter worth about $121,000. Simplicity Solutions LLC raised its stake in American Vanguard by 11.7% in the third quarter. Simplicity Solutions LLC now owns 16,651 shares of the basic materials company’s stock worth $182,000 after buying an additional 1,748 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in American Vanguard by 24.7% in the third quarter. Rice Hall James & Associates LLC now owns 180,486 shares of the basic materials company’s stock worth $1,973,000 after buying an additional 35,746 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in American Vanguard in the third quarter worth about $2,370,000. Finally, Illinois Municipal Retirement Fund bought a new position in American Vanguard in the third quarter worth about $183,000. 79.04% of the stock is owned by institutional investors.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.