American Woodmark (NASDAQ:AMWD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other brokerages have also commented on AMWD. Robert W. Baird boosted their price target on American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Zacks Investment Research raised American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday.

Shares of American Woodmark (NASDAQ AMWD) traded up $1.35 during mid-day trading on Friday, reaching $118.85. The company had a trading volume of 185,226 shares, compared to its average volume of 234,177. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1,885.37, a price-to-earnings ratio of 26.23 and a beta of 1.57. American Woodmark has a twelve month low of $69.65 and a twelve month high of $136.05.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. American Woodmark’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. research analysts anticipate that American Woodmark will post 4.96 EPS for the current year.

In other American Woodmark news, Director Vance W. Tang sold 1,700 shares of American Woodmark stock in a transaction on Friday, September 15th. The stock was sold at an average price of $90.05, for a total value of $153,085.00. Following the completion of the transaction, the director now owns 11,170 shares in the company, valued at approximately $1,005,858.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William F. Brandt sold 2,000 shares of American Woodmark stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $89.80, for a total value of $179,600.00. Following the completion of the transaction, the insider now owns 1,874,973 shares of the company’s stock, valued at approximately $168,372,575.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,168 shares of company stock valued at $9,263,644. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC raised its position in shares of American Woodmark by 6.4% during the second quarter. Aperio Group LLC now owns 3,594 shares of the company’s stock worth $343,000 after acquiring an additional 216 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of American Woodmark by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,300 shares of the company’s stock worth $315,000 after acquiring an additional 100 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of American Woodmark by 6.2% during the second quarter. Great West Life Assurance Co. Can now owns 19,928 shares of the company’s stock worth $1,902,000 after acquiring an additional 1,165 shares during the last quarter. Texas Permanent School Fund raised its position in shares of American Woodmark by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,193 shares of the company’s stock worth $974,000 after acquiring an additional 86 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of American Woodmark by 13.8% during the second quarter. Sei Investments Co. now owns 58,403 shares of the company’s stock worth $5,580,000 after acquiring an additional 7,080 shares during the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.

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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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