American Woodmark (NASDAQ:AMWD) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

American Woodmark Corporation (NASDAQ:AMWD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.23 and traded as high as $62.38. American Woodmark shares last traded at $61.76, with a volume of 92,634 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMWD shares. Robert W. Baird restated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of American Woodmark in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

American Woodmark Stock Up 4.0%

The company has a market cap of $899.84 million, a price-to-earnings ratio of 14.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 2.15. The stock’s fifty day moving average is $57.30 and its two-hundred day moving average is $60.23.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). The company had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The business’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 earnings per share.

Institutional Trading of American Woodmark

Several institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in American Woodmark in the 3rd quarter worth about $36,000. Advisory Services Network LLC bought a new position in shares of American Woodmark in the third quarter valued at approximately $57,000. Canada Pension Plan Investment Board purchased a new stake in shares of American Woodmark during the second quarter valued at approximately $64,000. CWM LLC lifted its holdings in American Woodmark by 116.0% during 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. Finally, EMC Capital Management purchased a new position in American Woodmark in the second quarter worth $109,000. 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.