American Woodmark Corporation (NASDAQ:AMWD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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 equities analysts have also issued reports on the stock. Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th.

Shares of American Woodmark Corporation (AMWD) opened at 89.85 on Monday. The firm’s 50-day moving average is $91.02 and its 200-day moving average is $91.35. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The stock has a market capitalization of $1.47 billion, a PE ratio of 20.51 and a beta of 1.41.

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

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In other news, major shareholder William F. Brandt sold 3,000 shares of American Woodmark Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $97.70, for a total transaction of $293,100.00. Following the completion of the transaction, the insider now directly owns 1,880,973 shares of the company’s stock, valued at approximately $183,771,062.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of American Woodmark Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $80.55, for a total transaction of $40,275.00. Following the transaction, the insider now directly owns 49,109 shares of the company’s stock, valued at $3,955,729.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,726 shares of company stock valued at $2,886,659. Insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of American Woodmark Corporation during the 1st quarter valued at approximately $110,000. Riverhead Capital Management LLC increased its holdings in shares of American Woodmark Corporation by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after purchasing an additional 599 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of American Woodmark Corporation by 78.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after purchasing an additional 612 shares in the last quarter. Dubuque Bank & Trust Co. increased its holdings in shares of American Woodmark Corporation by 8.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock valued at $158,000 after purchasing an additional 132 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of American Woodmark Corporation during the 2nd quarter valued at approximately $172,000. 80.36% of the stock is owned by hedge funds and other institutional investors.

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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