American Woodmark Corporation (NASDAQ:AMWD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $100.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.36% from the company’s previous close.

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 analysts have also issued reports about the stock. BidaskClub lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

American Woodmark Corporation (AMWD) opened at 89.00 on Tuesday. The stock’s 50 day moving average is $89.52 and its 200 day moving average is $91.51. American Woodmark Corporation has a 12 month low of $69.65 and a 12 month high of $107.30. The company has a market cap of $1.45 billion, a PE ratio of 20.32 and a beta of 1.41.

American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.14). The company had revenue of $276.83 million during the quarter, compared to analyst estimates of $278.80 million. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. Equities analysts predict that American Woodmark Corporation will post $4.94 earnings per share for the current year.

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In other American Woodmark Corporation news, major shareholder William F. Brandt sold 2,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $97.00, for a total value of $194,000.00. Following the sale, the insider now directly owns 1,883,973 shares in the company, valued at approximately $182,745,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Scott Culbreth sold 4,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $95.20, for a total transaction of $380,800.00. Following the completion of the sale, the chief financial officer now owns 11,688 shares in the company, valued at $1,112,697.60. The disclosure for this sale can be found here. Insiders sold a total of 21,200 shares of company stock worth $1,951,100 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of American Woodmark Corporation during the 1st quarter valued at about $110,000. Riverhead Capital Management LLC boosted its position in shares of American Woodmark Corporation by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after acquiring an additional 599 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of American Woodmark Corporation by 78.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after acquiring an additional 612 shares in the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of American Woodmark Corporation by 8.7% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock valued at $158,000 after acquiring an additional 132 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of American Woodmark Corporation during the 2nd quarter valued at about $172,000. Institutional investors and hedge funds own 80.30% 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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