Zelman & Associates Upgrades American Woodmark (NASDAQ:AMWD) to Neutral

American Woodmark (NASDAQ:AMWD) was upgraded by analysts at Zelman & Associates from an “underperform” rating to a “neutral” rating in a research report issued on Friday,Benzinga reports. The brokerage presently has a $54.00 price objective on the stock. Zelman & Associates’ price target would indicate a potential upside of 7.78% from the stock’s current price.

A number of other brokerages also recently commented on AMWD. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. Robert W. Baird cut their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.33.

American Woodmark Stock Down 2.6%

Shares of NASDAQ AMWD opened at $50.10 on Friday. American Woodmark has a 12-month low of $47.15 and a 12-month high of $72.15. The stock’s fifty day simple moving average is $58.65 and its two-hundred day simple moving average is $60.62. The stock has a market capitalization of $729.96 million, a PE ratio of 43.19 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.11 by $0.34. The firm had revenue of $324.30 million during the quarter, compared to analyst estimates of $358.14 million. American Woodmark had a return on equity of 6.11% and a net margin of 1.15%.The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS.

Hedge Funds Weigh In On American Woodmark

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new stake in American Woodmark in the 3rd quarter worth approximately $36,000. Advisory Services Network LLC purchased a new position in shares of American Woodmark in the third quarter worth $57,000. Canada Pension Plan Investment Board purchased a new position in shares of American Woodmark in the second quarter worth $64,000. CWM LLC lifted its stake in shares of 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 buying an additional 696 shares during the period. Finally, EMC Capital Management purchased a new stake in shares of American Woodmark during the second quarter valued at $109,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Trending Headlines about American Woodmark

Here are the key news stories impacting American Woodmark this week:

• Positive Sentiment: Q3 EPS beat — AMWD reported $0.45 EPS vs. $0.11 consensus, which should support near-term sentiment as the company outperformed EPS expectations. Press Release
• Positive Sentiment: Zelman upgrade — Zelman & Associates upgraded AMWD from “underperform” to “neutral” and set a $54 PT, signaling improving analyst tone that could limit downside. Benzinga
• Neutral Sentiment: Robert W. Baird trimmed its price target from $60 to $55 but kept a “neutral” rating — a modestly lower valuation reference that still implies some upside but reduces analyst conviction. Benzinga
• Neutral Sentiment: MasterBrand deal narrative — recent coverage discusses how a MasterBrand-related deal/reframing could change the company story; impact depends on deal terms and execution, so investors are parsing details. How The MasterBrand Deal Is Reframing The Story
• Neutral Sentiment: Short-interest reporting is unreliable — recent feeds show large/odd moves but list zero shares and NaN changes, so there’s no clear short-squeeze or covering signal from public data today. (Data flagged as inconsistent.)
• Negative Sentiment: Revenue miss and y/y decline — Q3 revenue was $324.3M vs. $358.1M expected and down ~18.4% y/y; the top-line shortfall is the main negative driver behind weaker sentiment despite the EPS beat. Sales Below Estimates

American Woodmark Company Profile

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.