Brokerages Set American Woodmark Corporation (NASDAQ:AMWD) PT at $70.00

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

Several equities analysts have commented on AMWD shares. Robert W. Baird raised their target price on shares of American Woodmark from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of American Woodmark in the third quarter valued at approximately $36,000. Advisory Services Network LLC bought a new position in American Woodmark during the 3rd quarter worth $57,000. GAMMA Investing LLC lifted its holdings in American Woodmark by 35.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after buying an additional 285 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of American Woodmark in the 2nd quarter valued at about $64,000. Finally, CWM LLC lifted its stake in shares of American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after acquiring an additional 696 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Price Performance

Shares of American Woodmark stock opened at $51.85 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.04 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $755.40 million, a price-to-earnings ratio of 9.28 and a beta of 1.22. American Woodmark has a twelve month low of $47.15 and a twelve month high of $103.50. The company has a 50-day simple moving average of $62.00 and a two-hundred day simple moving average of $59.64.

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