American Woodmark Corporation (NASDAQ:AMWD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “AMERICAN WOODMARK CORP. manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. Co. currently offers framed stock cabinets in almost 100 different cabinet lines, ranging in price from relatively inexpensive to medium priced styles. Styles vary by design and color from natural wood finishes to low- pressure laminate surfaces. The entire product offering includes thirty-three door designs and five colors. “

A number of other analysts have also recently commented on AMWD. BidaskClub raised American Woodmark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zelman & Associates cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

American Woodmark Corporation (NASDAQ AMWD) traded up 1.62% during midday trading on Monday, reaching $81.45. The company had a trading volume of 123,171 shares. American Woodmark Corporation has a 12-month low of $69.65 and a 12-month high of $107.30. The stock has a market capitalization of $1.33 billion, a PE ratio of 18.60 and a beta of 1.41. The company has a 50-day moving average of $95.01 and a 200-day moving average of $90.63.

American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $276.83 million during the quarter, compared to analyst estimates of $278.80 million. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. On average, analysts predict that American Woodmark Corporation will post $4.98 EPS for the current fiscal year.

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In other American Woodmark Corporation news, Director Andrew B. Cogan sold 1,400 shares of American Woodmark Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $94.40, for a total transaction of $132,160.00. Following the completion of the transaction, the director now owns 5,240 shares in the company, valued at approximately $494,656. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William F. Brandt sold 3,000 shares of American Woodmark Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $97.70, for a total value of $293,100.00. Following the transaction, the insider now owns 1,880,973 shares of the company’s stock, valued at approximately $183,771,062.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,959 shares of company stock valued at $6,113,542. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AMWD. Ameritas Investment Partners Inc. bought a new position in American Woodmark Corporation during the first quarter worth $110,000. Riverhead Capital Management LLC raised its position in American Woodmark Corporation by 99.8% in the second quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after buying an additional 599 shares during the last quarter. Flinton Capital Management LLC raised its position in American Woodmark Corporation by 78.3% in the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock worth $133,000 after buying an additional 612 shares during the last quarter. State of Alaska Department of Revenue raised its position in American Woodmark Corporation by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock worth $141,000 after buying an additional 20 shares during the last quarter. Finally, Dubuque Bank & Trust Co. raised its position in American Woodmark Corporation by 8.7% in the second quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock worth $158,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 80.12% of the company’s stock.

About American Woodmark Corporation

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

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