American Woodmark Corp. (NASDAQ:AMWD) fell 2% on Thursday . The stock traded as low as $74.60 and last traded at $74.79, with a volume of 121,082 shares. The stock had previously closed at $76.30.

Several research firms have weighed in on AMWD. Zacks Investment Research upgraded American Woodmark Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Robert W. Baird upgraded American Woodmark Corp. from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, June 3rd. They noted that the move was a valuation call.

The firm has a 50 day moving average of $68.47 and a 200-day moving average of $70.30. The firm has a market capitalization of $1.23 billion and a PE ratio of 21.13.

American Woodmark Corp. (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.03. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.16 million. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts anticipate that American Woodmark Corp. will post $4.04 EPS for the current fiscal year.

In related news, Director William F. Brandt sold 1,000 shares of American Woodmark Corp. stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $75.37, for a total value of $75,370.00. Following the completion of the transaction, the director now directly owns 2,100,650 shares in the company, valued at approximately $158,325,990.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Scott Culbreth sold 3,999 shares of American Woodmark Corp. stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $70.00, for a total transaction of $279,930.00. Following the completion of the transaction, the chief financial officer now owns 11,706 shares of the company’s stock, valued at $819,420. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in American Woodmark Corp. by 85.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,965 shares of the company’s stock worth $1,037,000 after buying an additional 5,988 shares in the last quarter. Rhumbline Advisers raised its position in American Woodmark Corp. by 7.1% in the fourth quarter. Rhumbline Advisers now owns 16,119 shares of the company’s stock worth $1,289,000 after buying an additional 1,070 shares in the last quarter. Nationwide Fund Advisors raised its position in American Woodmark Corp. by 87.1% in the fourth quarter. Nationwide Fund Advisors now owns 27,281 shares of the company’s stock worth $2,182,000 after buying an additional 12,703 shares in the last quarter. Victory Capital Management Inc. raised its position in American Woodmark Corp. by 3,709.1% in the fourth quarter. Victory Capital Management Inc. now owns 39,881 shares of the company’s stock worth $3,190,000 after buying an additional 38,834 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in American Woodmark Corp. by 30.0% in the fourth quarter. New York State Common Retirement Fund now owns 62,119 shares of the company’s stock worth $4,968,000 after buying an additional 14,343 shares in the last quarter.

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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