American Woodmark (NASDAQ:AMWD) Stock Rating Lowered by Baird R W

American Woodmark (NASDAQ:AMWD) was downgraded by investment analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Robert W. Baird reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $57.00) on shares of American Woodmark in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.00.

American Woodmark Stock Performance

AMWD opened at $60.51 on Monday. The company has a market cap of $881.63 million, a P/E ratio of 14.34 and a beta of 1.27. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $54.73 and its 200-day moving average price is $59.67. American Woodmark has a 52-week low of $47.15 and a 52-week high of $83.72.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.44). The company had revenue of $394.64 million for the quarter, compared to analysts’ expectations of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.08 EPS.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently modified their holdings of AMWD. AQR Capital Management LLC increased its holdings in American Woodmark by 32.7% in the 1st quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock worth $2,412,000 after acquiring an additional 10,098 shares in the last quarter. Millennium Management LLC grew its position in shares of American Woodmark by 277.0% in the first quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,427 shares during the period. Jane Street Group LLC increased its stake in shares of American Woodmark by 132.6% during the first quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock worth $2,990,000 after purchasing an additional 28,975 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of American Woodmark by 81.5% during the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock worth $1,459,000 after purchasing an additional 11,136 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of American Woodmark during the 2nd quarter worth about $1,003,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.