American Woodmark (NASDAQ:AMWD) Upgraded at StockNews.com

American Woodmark (NASDAQ:AMWDGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

American Woodmark Price Performance

AMWD opened at $58.67 on Friday. American Woodmark has a one year low of $40.70 and a one year high of $63.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.45 and a quick ratio of 1.11. The company’s 50 day simple moving average is $51.10 and its 200-day simple moving average is $52.92. The stock has a market capitalization of $976.27 million, a P/E ratio of 12.51 and a beta of 1.81.

American Woodmark (NASDAQ:AMWDGet Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.29). American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. The company had revenue of $480.70 million for the quarter, compared to the consensus estimate of $508.43 million. During the same period last year, the company earned $0.60 earnings per share. American Woodmark’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that American Woodmark will post 6.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Woodmark

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in American Woodmark by 72.6% in the first quarter. Tower Research Capital LLC TRC now owns 492 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in American Woodmark by 162.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 608 shares of the company’s stock worth $32,000 after purchasing an additional 376 shares during the period. Captrust Financial Advisors raised its holdings in American Woodmark by 114.6% in the first quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock worth $61,000 after purchasing an additional 667 shares during the period. Lazard Asset Management LLC acquired a new stake in American Woodmark in the third quarter worth $65,000. Finally, AXS Investments LLC acquired a new stake in American Woodmark in the fourth quarter worth $76,000. 90.60% of the stock is owned by institutional investors.

American Woodmark Company Profile

(Get Rating)

American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.

Featured Stories

Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.