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

American Woodmark Co. (NASDAQ:AMWD) has earned an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $93.25.

Several research firms recently issued reports on AMWD. Robert W. Baird upped their price objective on shares of American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. StockNews.com downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

American Woodmark Price Performance

NASDAQ AMWD opened at $92.91 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $96.58 and a 200 day simple moving average of $87.75. The company has a market cap of $1.47 billion, a P/E ratio of 12.82 and a beta of 1.73. American Woodmark has a 1 year low of $47.98 and a 1 year high of $104.28.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.53. The business had revenue of $422.10 million during the quarter, compared to the consensus estimate of $394.56 million. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. American Woodmark’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. On average, sell-side analysts predict that American Woodmark will post 8.6 EPS for the current year.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its position in shares of American Woodmark by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock worth $911,000 after purchasing an additional 118 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of American Woodmark by 7.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock worth $298,000 after purchasing an additional 290 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of American Woodmark by 3.1% during the 4th quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock worth $1,046,000 after purchasing an additional 337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Woodmark by 9.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,097 shares of the company’s stock worth $380,000 after purchasing an additional 365 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of American Woodmark by 46.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,602 shares of the company’s stock worth $121,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 95.47% 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.