American Woodmark (NASDAQ:AMWD) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $140.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.91% from the stock’s previous close.

According to Zacks, “American Woodmark Corporation is the third-largest manufacturer of kitchen and bath cabinets. Offering more than 340 cabinet lines in a wide variety of designs, materials and finishes, American Woodmark products are sold through a network of dealers and distributors and directly to home centers and major homebuilders. American Woodmark offers over 500 cabinet styles for the remodeling and new home construction markets under four major brands: American Woodmark, Shenandoah Cabinetry, Timberlake Cabinetry, and Waypoint Living Spaces. American Woodmark cabinetry is created to bring fashion, beauty and function to the heart of the home. American Woodmark people are committed to providing outstanding value and a superior customer experience. American Woodmark company is focused on long term, sustainable growth. They offer employees the opportunity for professional growth while maintaining a work-life balance. “

AMWD has been the topic of a number of other research reports. BidaskClub raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Robert W. Baird boosted their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday.

American Woodmark (NASDAQ AMWD) traded up $3.05 during mid-day trading on Wednesday, reaching $125.10. 183,400 shares of the company were exchanged, compared to its average volume of 111,722. The stock has a market capitalization of $1,960.02, a P/E ratio of 27.24 and a beta of 1.57. American Woodmark has a 52-week low of $69.65 and a 52-week high of $136.05. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The company had revenue of $274.80 million for the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. analysts predict that American Woodmark will post 4.92 earnings per share for the current year.

In other news, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $99.35, for a total value of $49,675.00. Following the completion of the transaction, the insider now owns 48,609 shares of the company’s stock, valued at $4,829,304.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Roger Perry Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total transaction of $267,870.00. Following the completion of the transaction, the senior vice president now directly owns 11,415 shares of the company’s stock, valued at approximately $1,019,245.35. The disclosure for this sale can be found here. Insiders sold 94,168 shares of company stock worth $9,263,644 in the last ninety days. Insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in American Woodmark by 9.6% during the third quarter. California Public Employees Retirement System now owns 30,804 shares of the company’s stock worth $2,965,000 after purchasing an additional 2,704 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in American Woodmark by 13.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,203 shares of the company’s stock worth $3,581,000 after purchasing an additional 4,272 shares during the last quarter. Royce & Associates LP increased its position in American Woodmark by 3.8% during the third quarter. Royce & Associates LP now owns 289,518 shares of the company’s stock worth $27,866,000 after purchasing an additional 10,598 shares during the last quarter. Envestnet Asset Management Inc. increased its position in American Woodmark by 42.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,867 shares of the company’s stock worth $372,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in American Woodmark by 0.5% during the third quarter. Epoch Investment Partners Inc. now owns 164,960 shares of the company’s stock worth $15,877,000 after purchasing an additional 797 shares during the last quarter. 80.48% of the stock is owned by institutional investors and hedge funds.

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About American Woodmark

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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