Zacks Investment Research upgraded shares of American Woodmark Corporation (NASDAQ:AMWD) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $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. “

Other equities research analysts have also issued research reports about the company. Zelman & Associates lowered American Woodmark Corporation from a buy rating to a hold rating in a research note on Wednesday, July 19th. BidaskClub lowered American Woodmark Corporation from a hold rating to a sell rating in a research note on Saturday, August 12th.

American Woodmark Corporation (NASDAQ AMWD) opened at 89.70 on Tuesday. The company has a market capitalization of $1.46 billion, a P/E ratio of 20.48 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 $90.01 and its 200-day moving average price is $91.41.

American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data 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 firm had revenue of $276.83 million during the quarter, compared to analysts’ expectations of $278.80 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. American Woodmark Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that American Woodmark Corporation will post $4.94 EPS for the current fiscal year.

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In other news, CFO Michael Scott Culbreth sold 4,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $95.20, for a total value of $380,800.00. Following the completion of the sale, the chief financial officer now owns 11,688 shares of the company’s stock, valued at approximately $1,112,697.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vance W. Tang sold 1,700 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $90.05, for a total value of $153,085.00. Following the completion of the sale, 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 three months, insiders sold 25,700 shares of company stock valued at $2,380,950. 1.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC raised its position in American Woodmark Corporation by 109.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 32,525 shares of the company’s stock valued at $3,108,000 after purchasing an additional 17,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in American Woodmark Corporation by 1.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 12,280 shares of the company’s stock valued at $1,173,000 after purchasing an additional 155 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in American Woodmark Corporation during the 2nd quarter valued at approximately $288,000. Raymond James Financial Services Advisors Inc. raised its position in American Woodmark Corporation by 19.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,227 shares of the company’s stock valued at $595,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Broad Run Investment Management LLC raised its position in American Woodmark Corporation by 0.7% during the 2nd quarter. Broad Run Investment Management LLC now owns 1,409,621 shares of the company’s stock valued at $134,689,000 after purchasing an additional 9,135 shares during the last quarter. 80.36% 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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