American Woodmark Corp. (NASDAQ:AMWD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

Separately, Robert W. Baird increased their price target on American Woodmark Corp. from $78.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 24th.

American Woodmark Corp. (NASDAQ:AMWD) remained flat at $76.70 during mid-day trading on Thursday. 267,326 shares of the stock traded hands. American Woodmark Corp. has a 52-week low of $57.04 and a 52-week high of $89.89. The stock has a market cap of $1.25 billion, a P/E ratio of 19.32 and a beta of 1.42. The company has a 50-day moving average price of $77.10 and a 200-day moving average price of $75.66.

American Woodmark Corp. (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 22nd. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.10. The company earned $264.10 million during the quarter, compared to analysts’ expectations of $278.61 million. American Woodmark Corp. had a net margin of 6.59% and a return on equity of 22.67%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. Equities analysts anticipate that American Woodmark Corp. will post $4.44 earnings per share for the current fiscal year.

In related news, major shareholder William F. Brandt sold 5,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $74.22, for a total transaction of $371,100.00. Following the transaction, the insider now owns 1,909,665 shares of the company’s stock, valued at approximately $141,735,336.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder William F. Brandt sold 37,688 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $80.17, for a total value of $3,021,446.96. Following the transaction, the insider now directly owns 1,976,065 shares in the company, valued at approximately $158,421,131.05. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in American Woodmark Corp. during the second quarter valued at about $600,000. Moody Aldrich Partners LLC raised its position in American Woodmark Corp. by 262.8% in the second quarter. Moody Aldrich Partners LLC now owns 35,715 shares of the company’s stock valued at $2,371,000 after buying an additional 25,870 shares during the last quarter. Systematic Financial Management LP purchased a new position in American Woodmark Corp. during the second quarter valued at about $5,240,000. Alambic Investment Management L.P. purchased a new position in American Woodmark Corp. during the second quarter valued at about $240,000. Finally, Nationwide Fund Advisors raised its position in American Woodmark Corp. by 22.0% in the second quarter. Nationwide Fund Advisors now owns 34,060 shares of the company’s stock valued at $2,261,000 after buying an additional 6,137 shares during the last quarter. 79.58% of the stock is currently owned by hedge funds and other institutional investors.

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About American Woodmark Corp.

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.

5 Day Chart for NASDAQ:AMWD

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