American Woodmark Co. (NASDAQ:AMWD) Receives Consensus Rating of “Hold” from Analysts

Shares of American Woodmark Co. (NASDAQ:AMWD) have been given an average rating of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $73.50.

A number of equities research analysts have weighed in on AMWD shares. Sidoti lowered American Woodmark from a “buy” rating to a “neutral” rating and raised their price objective for the company from $71.00 to $79.00 in a research note on Tuesday, July 18th. Loop Capital lifted their target price on American Woodmark from $79.00 to $84.00 in a research note on Wednesday, August 30th. StockNews.com downgraded American Woodmark from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Zelman & Associates upgraded American Woodmark from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Robert W. Baird upped 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, August 30th.

American Woodmark Trading Up 0.9 %

Shares of AMWD stock opened at $67.23 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.25 and a quick ratio of 1.29. The firm has a market capitalization of $1.10 billion, a PE ratio of 10.05, a P/E/G ratio of 0.63 and a beta of 1.83. American Woodmark has a 1-year low of $43.27 and a 1-year high of $80.27. The business’s fifty day moving average price is $74.01 and its 200 day moving average price is $68.70.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, August 29th. The company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.48. The firm had revenue of $498.26 million for the quarter, compared to the consensus estimate of $497.31 million. American Woodmark had a return on equity of 16.85% and a net margin of 5.52%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. As a group, sell-side analysts forecast that American Woodmark will post 7.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake 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 valued at $26,000 after purchasing an additional 207 shares during the period. Allspring Global Investments Holdings LLC raised its position in American Woodmark by 162.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 608 shares of the company’s stock valued at $32,000 after purchasing an additional 376 shares in the last quarter. Castleview Partners LLC acquired a new position in shares of American Woodmark during the third quarter worth $39,000. Coppell Advisory Solutions LLC acquired a new position in shares of American Woodmark during the second quarter worth $46,000. Finally, Captrust Financial Advisors increased 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 valued at $61,000 after purchasing an additional 667 shares during the period. 91.89% of the stock is currently owned by institutional investors.

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.