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

American Vanguard Co. (NYSE:AVD) passed 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 changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVD shares. StockNews.com upgraded shares of American Vanguard from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research note on Wednesday, January 31st. Roth Mkm lifted their price objective on shares of American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Loop Capital lifted their price objective on shares of American Vanguard from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Vanguard has an average rating of “Buy” and an average price target of $18.00.

American Vanguard Trading Down 0.4 %

The stock has a market cap of $318.82 million, a price-to-earnings ratio of 41.00 and a beta of 1.00. The business’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $10.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 0.92.

American Vanguard (NYSE:AVD) last released its quarterly earnings data on Thursday, March 14th. The basic materials company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $172.20 million during the quarter, compared to the consensus estimate of $172.70 million. American Vanguard had a net margin of 1.30% and a return on equity of 2.05%. On average, research analysts predict that American Vanguard Co. will post 0.77 EPS for the current year.

American Vanguard Announces Dividend

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

Institutional Investors Weigh In On American Vanguard

A number of hedge funds have recently added to or reduced their stakes in AVD. Summit Global Investments bought a new stake in American Vanguard in the third quarter valued at $121,000. Simplicity Solutions LLC lifted 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 valued at $182,000 after buying an additional 1,748 shares during the last quarter. Rice Hall James & Associates LLC lifted 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 valued at $1,973,000 after buying an additional 35,746 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in American Vanguard in the third quarter valued at $2,370,000. Finally, Illinois Municipal Retirement Fund bought a new stake in American Vanguard in the third quarter valued at $183,000. 79.04% of the stock is currently 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.