American Woodmark Co. (NASDAQ:AMWD – Get Rating) has been assigned a consensus recommendation of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $57.25.
A number of analysts recently commented on the company. Loop Capital lifted their price objective on American Woodmark from $47.00 to $49.00 in a research report on Wednesday, August 31st. Robert W. Baird lifted their price objective on American Woodmark from $54.00 to $58.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 31st. StockNews.com upgraded American Woodmark from a "sell" rating to a "hold" rating in a research report on Monday, June 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on American Woodmark in a research report on Wednesday, August 17th. They set a "sell" rating and a $45.00 price objective for the company.
Get American Woodmark alerts:American Woodmark Trading Up 3.3 %
Shares of AMWD stock opened at $52.73 on Friday. American Woodmark has a fifty-two week low of $40.70 and a fifty-two week high of $76.36. The stock has a market cap of $876.37 million, a P/E ratio of -68.48 and a beta of 1.86. The business has a fifty day simple moving average of $49.26 and a 200-day simple moving average of $49.97. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.61.
American Woodmark (NASDAQ:AMWD – Get Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.42. American Woodmark had a positive return on equity of 9.35% and a negative net margin of 0.65%. The business had revenue of $542.90 million during the quarter, compared to analysts' expectations of $514.10 million. During the same quarter last year, the business posted $0.70 earnings per share. The business's revenue for the quarter was up 22.7% on a year-over-year basis. On average, analysts forecast that American Woodmark will post 6.32 earnings per share for the current fiscal year.Insiders Place Their Bets
In other American Woodmark news, CEO Michael Scott Culbreth purchased 2,000 shares of the firm's stock in a transaction on Wednesday, June 22nd. The shares were purchased at an average cost of $41.13 per share, with a total value of $82,260.00. Following the purchase, the chief executive officer now owns 57,930 shares in the company, valued at $2,382,660.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other American Woodmark news, CEO Michael Scott Culbreth purchased 2,000 shares of the firm's stock in a transaction on Wednesday, June 22nd. The shares were purchased at an average cost of $41.13 per share, with a total value of $82,260.00. Following the purchase, the chief executive officer now owns 57,930 shares in the company, valued at $2,382,660.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang acquired 10,000 shares of American Woodmark stock in a transaction dated Thursday, June 23rd. The stock was purchased at an average cost of $41.95 per share, for a total transaction of $419,500.00. Following the completion of the purchase, the director now directly owns 57,594 shares in the company, valued at $2,416,068.30. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On American Woodmark
Several hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund lifted its stake in shares of American Woodmark by 2.0% in the 2nd quarter. Texas Permanent School Fund now owns 11,977 shares of the company's stock valued at $539,000 after purchasing an additional 230 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of American Woodmark by 6.2% in the 1st quarter. Bank of Montreal Can now owns 4,824 shares of the company's stock valued at $257,000 after purchasing an additional 282 shares in the last quarter. First Horizon Advisors Inc. lifted its position in American Woodmark by 128.5% during the 4th quarter. First Horizon Advisors Inc. now owns 546 shares of the company's stock worth $35,000 after acquiring an additional 307 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in American Woodmark by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,580 shares of the company's stock worth $1,302,000 after acquiring an additional 365 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in American Woodmark by 16.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,783 shares of the company's stock worth $125,000 after acquiring an additional 396 shares in the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
About American Woodmark
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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.
Further Reading
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