Zacks Investment Research upgraded shares of American Woodmark Corporation (NASDAQ:AMWD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $100.00 price target on the stock.

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 equities analysts have also commented on the stock. Zelman & Associates lowered shares of American Woodmark Corporation from a buy rating to a hold rating in a report on Wednesday, July 19th. BidaskClub upgraded shares of American Woodmark Corporation from a sell rating to a hold rating in a report on Tuesday, August 22nd.

Shares of American Woodmark Corporation (AMWD) opened at 89.15 on Tuesday. The firm’s 50 day moving average is $89.52 and its 200 day moving average is $91.51. The company has a market cap of $1.45 billion, a PE ratio of 20.35 and a beta of 1.41. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30.

American Woodmark Corporation (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.14). American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The company had revenue of $276.83 million during the quarter, compared to analyst estimates of $278.80 million. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that American Woodmark Corporation will post $4.94 earnings per share for the current year.

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In related news, CFO Michael Scott Culbreth sold 4,000 shares of American Woodmark Corporation stock in a transaction on Monday, July 3rd. The shares were 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 of the company’s stock, valued at $1,112,697.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vance W. Tang sold 1,700 shares of American Woodmark Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $90.05, for a total transaction of $153,085.00. Following the transaction, the director now directly owns 11,170 shares of the company’s stock, valued at approximately $1,005,858.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,200 shares of company stock worth $1,951,100. 1.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 stake in American Woodmark Corporation by 99.8% during 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 stake in American Woodmark Corporation by 78.3% during 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. Dubuque Bank & Trust Co. raised its stake in American Woodmark Corporation by 8.7% during 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. Finally, SG Americas Securities LLC bought a new position in American Woodmark Corporation during the second quarter worth $172,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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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