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

Shares of American Woodmark Co. (NASDAQ:AMWD) have received a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $107.50.

Several equities analysts recently issued reports on the company. Loop Capital dropped their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wolfe Research raised 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 Stock Down 2.7 %

AMWD stock opened at $89.19 on Friday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 13.21 and a beta of 1.61. The company has a fifty day moving average price of $94.57 and a 200 day moving average price of $90.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. American Woodmark has a 12 month low of $70.58 and a 12 month high of $106.57.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data 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 net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the prior year, the firm posted $2.78 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares in the company, valued at approximately $10,514,012.08. The trade was a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Trading of American Woodmark

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC grew its position in American Woodmark by 59.1% during the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after buying an additional 179,644 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of American Woodmark during the 3rd quarter worth approximately $15,967,000. Pacer Advisors Inc. grew its holdings in shares of American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares during the period. Renaissance Technologies LLC increased its stake in American Woodmark by 294.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after purchasing an additional 103,801 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in American Woodmark during the third quarter worth $9,195,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.