American Woodmark Co. (NASDAQ:AMWD) Given Average Rating of “Moderate Buy” by Analysts

American Woodmark Co. (NASDAQ:AMWD) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $108.00.

A number of equities research analysts have recently weighed in on AMWD shares. Robert W. Baird boosted their target price on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $119.00 in a research report on Thursday, October 17th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, August 14th.

American Woodmark Trading Up 0.6 %

AMWD stock opened at $91.26 on Monday. The company has a market capitalization of $1.41 billion, a PE ratio of 13.52 and a beta of 1.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark has a one year low of $68.75 and a one year high of $106.57. The company’s 50 day moving average price is $91.48 and its two-hundred day moving average price is $89.85.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. During the same quarter in the previous year, the business earned $2.78 EPS. American Woodmark’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the transaction, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of American Woodmark by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after acquiring an additional 74,371 shares during the period. Keeley Teton Advisors LLC grew its stake in American Woodmark by 66.6% in the first quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock worth $2,436,000 after purchasing an additional 9,576 shares during the period. Hsbc Holdings PLC raised its holdings in American Woodmark by 195.0% in the second quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after purchasing an additional 6,912 shares in the last quarter. Quadrature Capital Ltd purchased a new position in American Woodmark during the first quarter valued at $561,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of American Woodmark by 31.1% during the 2nd quarter. Acadian Asset Management LLC now owns 29,279 shares of the company’s stock valued at $2,299,000 after buying an additional 6,947 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.