American Woodmark (NASDAQ:AMWD) Lifted to C at TheStreet

TheStreet upgraded shares of American Woodmark (NASDAQ:AMWDGet Rating) from a d+ rating to a c rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.

A number of other analysts have also weighed in on AMWD. StockNews.com started coverage on shares of American Woodmark in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Loop Capital increased their price objective on shares of American Woodmark from $47.00 to $49.00 in a report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of American Woodmark from $45.00 to $39.00 and set a sell rating on the stock in a research note on Thursday, October 20th. Finally, Robert W. Baird lifted their target price on shares of American Woodmark from $54.00 to $58.00 and gave the stock a neutral rating in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $48.67.

American Woodmark Price Performance

Shares of AMWD stock opened at $56.70 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.26 and a quick ratio of 0.92. The company has a market capitalization of $942.35 million, a P/E ratio of 67.50 and a beta of 1.79. The company’s 50-day simple moving average is $47.44 and its two-hundred day simple moving average is $48.45. American Woodmark has a one year low of $40.70 and a one year high of $69.59.

American Woodmark (NASDAQ:AMWDGet Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.40. American Woodmark had a net margin of 0.68% and a return on equity of 12.52%. The firm had revenue of $542.90 million during the quarter, compared to analysts’ expectations of $514.10 million. During the same quarter in the prior year, the company earned $0.70 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. As a group, equities analysts anticipate that American Woodmark will post 6.32 EPS for the current year.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently bought and sold shares of AMWD. SG Americas Securities LLC acquired a new position in American Woodmark in the 1st quarter valued at $127,000. State of New Jersey Common Pension Fund D grew its stake in American Woodmark by 29.3% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 50,859 shares of the company’s stock valued at $2,490,000 after acquiring an additional 11,517 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in American Woodmark by 16.1% in the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company’s stock valued at $41,830,000 after purchasing an additional 118,342 shares in the last quarter. WCM Investment Management LLC lifted its holdings in American Woodmark by 56.4% in the 1st quarter. WCM Investment Management LLC now owns 481,107 shares of the company’s stock valued at $23,550,000 after purchasing an additional 173,501 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of American Woodmark by 7.4% during the 1st quarter. Swiss National Bank now owns 39,200 shares of the company’s stock worth $1,919,000 after acquiring an additional 2,700 shares during the period. 91.57% of the stock is owned by institutional investors and hedge funds.

About American Woodmark

(Get Rating)

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.

Further Reading

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