American Woodmark Corporation (NASDAQ:AMWD) was downgraded by investment analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research downgraded shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st.

Shares of American Woodmark Corporation (AMWD) traded down 1.05% during midday trading on Wednesday, reaching $99.10. 122,759 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $95.87 and its 200-day moving average is $86.89. American Woodmark Corporation has a 12-month low of $69.65 and a 12-month high of $104.50. The stock has a market cap of $1.62 billion, a PE ratio of 22.83 and a beta of 1.41.

American Woodmark Corporation (NASDAQ:AMWD) last announced its earnings results on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a net margin of 6.91% and a return on equity of 22.19%. The business had revenue of $258.70 million for the quarter, compared to the consensus estimate of $264.30 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts expect that American Woodmark Corporation will post $4.99 EPS for the current year.

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In other news, major shareholder William F. Brandt sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $97.00, for a total value of $194,000.00. Following the transaction, the insider now directly owns 1,883,973 shares in the company, valued at $182,745,381. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Scott Culbreth sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.20, for a total transaction of $380,800.00. Following the completion of the transaction, the chief financial officer now owns 11,688 shares in the company, valued at $1,112,697.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,959 shares of company stock worth $5,435,592. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AMWD. Ameritas Investment Partners Inc. acquired a new position in shares of American Woodmark Corporation during the first quarter valued at about $110,000. Dubuque Bank & Trust Co. acquired a new position in shares of American Woodmark Corporation during the first quarter valued at about $140,000. State of Alaska Department of Revenue boosted its position in shares of 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 valued at $141,000 after buying an additional 20 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of American Woodmark Corporation by 1,164.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,667 shares of the company’s stock valued at $244,000 after buying an additional 2,456 shares during the last quarter. Finally, Invictus RG acquired a new position in shares of American Woodmark Corporation during the first quarter valued at about $255,000. Institutional investors own 81.32% of the company’s stock.

American Woodmark Corporation Company Profile

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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