Zacks Investment Research lowered shares of American Woodmark Corporation (NASDAQ:AMWD) from a buy rating to a hold rating in a research note published 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. “

AMWD has been the subject of a number of other research reports. BidaskClub raised shares of American Woodmark Corporation from a sell rating to a hold rating in a report on Tuesday, August 22nd. Zelman & Associates downgraded shares of American Woodmark Corporation from a buy rating to a hold rating in a report on Wednesday, July 19th.

American Woodmark Corporation (NASDAQ:AMWD) opened at 81.05 on Monday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.50 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. The stock’s 50 day moving average price is $95.01 and its 200 day moving average price is $90.63.

American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings results 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. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The firm had revenue of $276.83 million for the quarter, compared to the consensus estimate of $278.80 million. During the same period last year, the company posted $1.32 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that American Woodmark Corporation will post $4.98 earnings per share for the current fiscal year.

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In related news, Chairman Kent Guichard sold 9,900 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $94.25, for a total value of $933,075.00. Following the completion of the transaction, the chairman now owns 41,654 shares of the company’s stock, valued at approximately $3,925,889.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew B. Cogan sold 1,400 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were 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 directly owns 5,240 shares of the company’s stock, valued at approximately $494,656. 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.

A number of institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of American Woodmark Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,549 shares of the company’s stock valued at $530,000 after buying an additional 15 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of American Woodmark Corporation by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after buying an additional 18 shares during the last quarter. State of Alaska Department of Revenue increased 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. Capital One National Association increased its position in shares of American Woodmark Corporation by 0.6% in the first quarter. Capital One National Association now owns 8,062 shares of the company’s stock valued at $740,000 after buying an additional 48 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in shares of American Woodmark Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock valued at $974,000 after buying an additional 86 shares during the last quarter. 80.12% of the stock is owned by institutional investors and hedge funds.

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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