Zelman & Associates cut shares of American Woodmark Corporation (NASDAQ:AMWD) from a buy rating to a hold rating in a research note released on Wednesday, July 19th.
Separately, Zacks Investment Research lowered American Woodmark Corporation from a buy rating to a hold rating in a report on Monday, May 1st.
Shares of American Woodmark Corporation (AMWD) traded down 1.10% during midday trading on Wednesday, reaching $94.75. 47,544 shares of the company traded hands. The firm has a market capitalization of $1.54 billion, a PE ratio of 21.83 and a beta of 1.41. The stock has a 50 day moving average price of $96.81 and a 200 day moving average price of $89.88. American Woodmark Corporation has a 1-year low of $69.65 and a 1-year high of $107.30.
American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, May 30th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. The company had revenue of $258.70 million for the quarter, compared to analyst estimates of $264.30 million. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Analysts expect that American Woodmark Corporation will post $4.99 earnings per share for the current fiscal year.
In related news, major shareholder William F. Brandt sold 9,233 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $96.52, for a total transaction of $891,169.16. Following the completion of the sale, the insider now directly owns 1,896,973 shares of the company’s stock, valued at approximately $183,095,833.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Roger Perry Campbell sold 1,467 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $96.12, for a total value of $141,008.04. Following the sale, the senior vice president now directly owns 15,141 shares of the company’s stock, valued at $1,455,352.92. The disclosure for this sale can be found here. Insiders sold a total of 62,959 shares of company stock valued at $6,018,042 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in American Woodmark Corporation by 148,318.8% in the first quarter. BlackRock Inc. now owns 1,806,257 shares of the company’s stock valued at $165,816,000 after buying an additional 1,805,040 shares in the last quarter. FMR LLC increased its position in American Woodmark Corporation by 141.0% in the fourth quarter. FMR LLC now owns 478,948 shares of the company’s stock valued at $36,041,000 after buying an additional 280,218 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in American Woodmark Corporation during the first quarter valued at $14,196,000. Norges Bank purchased a new position in American Woodmark Corporation during the fourth quarter valued at $11,577,000. Finally, Tributary Capital Management LLC purchased a new position in American Woodmark Corporation during the first quarter valued at $9,061,000. 80.82% of the stock is owned by institutional investors.
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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