American Woodmark Corporation (AMWD) is Upgraded by Robert W. Baird to Outperform, Price Target at $78

American Woodmark Corporation (AMWD) was Upgraded by Robert W. Baird to ” Outperform” and the brokerage firm has set the Price Target at $78. Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Jun 3, 2016.

On the company’s financial health, American Woodmark Corporation reported $0.86 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 2, 2016. Analyst had a consensus of $0.87. The company had revenue of $240.90 million for the quarter, compared to analysts expectations of $235.11 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

American Woodmark Corporation opened for trading at $80.31 and hit $81.26 on the upside on Wednesday, eventually ending the session at $80.81, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 2,57,345 shares. Company has a market cap of $1,315 M.

In a different news, on Mar 8, 2016, Martha M Dally (director) sold 2,500 shares at $70.25 per share price. According to the SEC, on Mar 4, 2016, Kent Guichard (CHAIRMAN OF THE BOARD) sold 12,108 shares at $68.32 per share price. On Jan 12, 2016, Steven Cary Dunston (President & C.E.O.) sold 6,940 shares at $70.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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 600 different cabinet lines ranging from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes 85 door designs in 19 colors. Stock cabinets consist of cabinet interiors of a range of dimensions and construction options and a maple oak cherry or hickory front frame door and/or drawer front. The Company’s products are sold under the brand names of American Woodmark Timberlake Shenandoah Cabinetry Potomac and Waypoint Living Spaces.

American Woodmark Corporation

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