American Woodmark (NASDAQ:AMWD) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

American Woodmark (NASDAQ:AMWDGet Rating) posted its quarterly earnings data on Thursday. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04, MarketWatch Earnings reports. American Woodmark had a negative net margin of 2.26% and a positive return on equity of 7.22%. The company had revenue of $501.70 million for the quarter, compared to analysts’ expectations of $493.21 million. During the same period in the prior year, the business earned $1.28 earnings per share. American Woodmark’s revenue for the quarter was up 6.0% compared to the same quarter last year.

NASDAQ AMWD traded up $2.06 during trading hours on Thursday, hitting $53.52. The company’s stock had a trading volume of 3,567 shares, compared to its average volume of 113,924. American Woodmark has a 12 month low of $44.01 and a 12 month high of $95.50. The company’s 50 day simple moving average is $49.43 and its two-hundred day simple moving average is $57.60. The company has a market cap of $886.88 million, a P/E ratio of -20.58 and a beta of 1.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.99 and a quick ratio of 0.93.

In other news, Director David A. Rodriguez bought 1,005 shares of the company’s stock in a transaction on Thursday, March 31st. The shares were acquired at an average cost of $49.64 per share, with a total value of $49,888.20. Following the completion of the transaction, the director now owns 2,882 shares of the company’s stock, valued at approximately $143,062.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Paul Joachimczyk acquired 2,031 shares of the stock in a transaction dated Tuesday, March 1st. The shares were bought at an average cost of $54.71 per share, for a total transaction of $111,116.01. The disclosure for this purchase can be found here. Insiders acquired 15,036 shares of company stock worth $798,224 over the last three months. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC increased its stake in American Woodmark by 50.9% in the 1st quarter. MetLife Investment Management LLC now owns 9,418 shares of the company’s stock worth $461,000 after acquiring an additional 3,175 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in American Woodmark by 58.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 8,304 shares of the company’s stock worth $406,000 after acquiring an additional 3,056 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in American Woodmark in the 4th quarter worth approximately $394,000. Hsbc Holdings PLC increased its stake in American Woodmark by 48.6% in the 1st quarter. Hsbc Holdings PLC now owns 5,668 shares of the company’s stock worth $279,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in American Woodmark by 12.1% in the 1st quarter. Quantbot Technologies LP now owns 5,452 shares of the company’s stock worth $266,000 after acquiring an additional 590 shares during the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on AMWD shares. Zacks Investment Research raised American Woodmark from a “sell” rating to a “hold” rating in a research note on Monday. TheStreet lowered American Woodmark from a “c” rating to a “d+” rating in a research note on Thursday, February 24th. StockNews.com assumed coverage on American Woodmark in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Robert W. Baird dropped their price target on American Woodmark from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 17th. Finally, Loop Capital downgraded American Woodmark from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $63.00 to $59.00 in a report on Wednesday, March 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, American Woodmark has an average rating of “Hold” and an average target price of $64.75.

American Woodmark Company Profile (Get Rating)

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

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Earnings History for American Woodmark (NASDAQ:AMWD)

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