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, molluscicides, soil health, plant nutrition, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection. The company also markets, sells, and distributes end-use chemical and biological products for crop applications; and distributes chemicals for turf and ornamental markets. It distributes its products through national distribution companies, and buying groups or co-operatives; and through sales offices, sales force executives, sales agents, and wholly owned distributors. The company was incorporated in 1969 and is headquartered in Newport Beach, California.
American Vanguard Trading Down 24.3 %
NYSE:AVD opened at $18.29 on Wednesday. The stock has a market cap of $563.57 million, a P/E ratio of 21.77 and a beta of 0.83. The company has a current ratio of 1.79, a quick ratio of 1.03 and a debt-to-equity ratio of 0.26. American Vanguard has a 12 month low of $13.82 and a 12 month high of $25.99. The stock's fifty day moving average price is $22.46 and its 200-day moving average price is $20.27.
American Vanguard Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 24th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, June 23rd. American Vanguard's payout ratio is currently 11.90%.
Insider Activity
In other news, insider Timothy Donnelly sold 12,663 shares of the company's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $24.96, for a total transaction of $316,068.48. Following the transaction, the insider now directly owns 70,302 shares of the company's stock, valued at $1,754,737.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other American Vanguard news, CFO David` T. Johnson sold 6,721 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $24.86, for a total value of $167,084.06. Following the transaction, the chief financial officer now owns 66,970 shares of the company's stock, valued at $1,664,874.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Donnelly sold 12,663 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $24.96, for a total value of $316,068.48. Following the completion of the transaction, the insider now directly owns 70,302 shares in the company, valued at approximately $1,754,737.92. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company's stock.