American Woodmark (NASDAQ:AMWD) Shares Gap Down to $74.34

American Woodmark Co. (NASDAQ:AMWD)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $74.34, but opened at $69.94. American Woodmark shares last traded at $72.89, with a volume of 22,534 shares trading hands.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of research reports. Sidoti lowered American Woodmark from a “buy” rating to a “neutral” rating and increased their price target for the company from $71.00 to $79.00 in a research note on Tuesday, July 18th. Robert W. Baird raised their price objective on American Woodmark from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday. TheStreet raised American Woodmark from a “c+” rating to a “b-” rating in a research note on Friday, June 9th. Loop Capital raised their price objective on American Woodmark from $79.00 to $84.00 in a research note on Wednesday. Finally, StockNews.com started coverage on American Woodmark in a research note on Thursday, August 17th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.50.

American Woodmark Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.07 and a quick ratio of 1.00. The firm has a fifty day moving average price of $74.58 and a two-hundred day moving average price of $62.28. The stock has a market capitalization of $1.27 billion, a PE ratio of 13.82, a P/E/G ratio of 0.85 and a beta of 1.86.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, August 29th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.30 by $0.48. American Woodmark had a return on equity of 15.23% and a net margin of 4.54%. The company had revenue of $498.26 million for the quarter, compared to the consensus estimate of $497.31 million. During the same period last year, the business posted $1.71 EPS. American Woodmark’s quarterly revenue was down 8.2% on a year-over-year basis. Research analysts expect that American Woodmark Co. will post 6.63 EPS for the current year.

Institutional Trading of American Woodmark

A number of institutional investors have recently made changes to their positions in AMWD. Tower Research Capital LLC TRC boosted its position in shares of American Woodmark by 72.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 492 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of American Woodmark by 162.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 608 shares of the company’s stock worth $32,000 after purchasing an additional 376 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of American Woodmark in the 2nd quarter worth $46,000. Captrust Financial Advisors lifted its position in American Woodmark by 114.6% during the 1st quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock worth $61,000 after acquiring an additional 667 shares during the period. Finally, AXS Investments LLC acquired a new stake in American Woodmark during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 91.89% of the company’s stock.

About American Woodmark

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.