American Woodmark Corporation (NASDAQ:AMWD) Receives $70.00 Average Price Target from Brokerages

Shares of American Woodmark Corporation (NASDAQ:AMWD) have earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.00.

Several equities analysts have recently weighed in on AMWD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research report on Saturday, September 27th. Robert W. Baird raised their target price on American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th.

Hedge Funds Weigh In On American Woodmark

Hedge funds have recently bought and sold shares of the company. LSV Asset Management lifted its stake in American Woodmark by 22.3% in the 1st quarter. LSV Asset Management now owns 323,962 shares of the company’s stock worth $19,059,000 after purchasing an additional 59,010 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of American Woodmark by 18.5% in the first quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company’s stock worth $20,996,000 after purchasing an additional 55,711 shares during the period. GAMMA Investing LLC raised its position in shares of American Woodmark by 7,721.1% in the first quarter. GAMMA Investing LLC now owns 46,770 shares of the company’s stock worth $2,751,000 after buying an additional 46,172 shares in the last quarter. Meros Investment Management LP bought a new stake in American Woodmark during the first quarter valued at $1,765,000. Finally, Russell Investments Group Ltd. grew its position in American Woodmark by 123.0% during the first quarter. Russell Investments Group Ltd. now owns 36,663 shares of the company’s stock worth $2,157,000 after buying an additional 20,224 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of AMWD stock opened at $67.55 on Friday. The stock has a market capitalization of $984.20 million, a P/E ratio of 12.08 and a beta of 1.19. The company has a current ratio of 2.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $64.02 and its 200 day moving average is $59.09. American Woodmark has a 12 month low of $50.00 and a 12 month high of $104.28.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). The business had revenue of $403.05 million during the quarter, compared to analysts’ expectations of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 earnings per share.

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.