American Woodmark Corporation (NASDAQ:AMWD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also issued reports on AMWD. Zacks Investment Research lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zelman & Associates lowered American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

Shares of American Woodmark Corporation (NASDAQ:AMWD) opened at 93.85 on Friday. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30. The firm’s 50-day moving average price is $96.79 and its 200 day moving average price is $89.49. The stock has a market cap of $1.53 billion, a P/E ratio of 21.62 and a beta of 1.41.

American Woodmark Corporation (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.01 by $0.12. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The company had revenue of $258.70 million for the quarter, compared to analyst estimates of $264.30 million. During the same period last year, the company posted $0.86 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that American Woodmark Corporation will post $4.99 EPS for the current fiscal year.

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In related news, major shareholder William F. Brandt sold 3,000 shares of American Woodmark Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $96.45, for a total value of $289,350.00. Following the completion of the transaction, the insider now directly owns 1,877,973 shares in the company, valued at $181,130,495.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 4,000 shares of American Woodmark Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $97.50, for a total value of $390,000.00. Following the completion of the transaction, the insider now owns 1,889,973 shares of the company’s stock, valued at $184,272,367.50. The disclosure for this sale can be found here. Insiders sold 62,959 shares of company stock valued at $6,018,042 over the last quarter. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of American Woodmark Corporation during the first quarter worth approximately $110,000. Riverhead Capital Management LLC increased its position in shares of American Woodmark Corporation by 99.8% in the second quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after buying an additional 599 shares during the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of American Woodmark Corporation during the first quarter worth approximately $140,000. 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 worth $141,000 after buying an additional 20 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of American Woodmark Corporation during the second quarter worth approximately $172,000. Institutional investors own 81.20% of the company’s stock.

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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