Zacks: American Woodmark Corp. (AMWD) Given Consensus Recommendation of “Buy” by Analysts
American Woodmark Corp. (NASDAQ:AMWD) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 12-month consensus target price of $88.00 for the company and are forecasting that the company will post $1.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American Woodmark Corp. an industry rank of 180 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of American Woodmark Corp. from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Thursday, August 25th. Robert W. Baird upped their price target on shares of American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 24th.
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In related news, major shareholder William F. Brandt sold 12,312 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $79.76, for a total value of $982,005.12. Following the completion of the sale, the insider now directly owns 1,936,065 shares of the company’s stock, valued at approximately $154,420,544.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Brandt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $74.97, for a total transaction of $74,970.00. Following the completion of the sale, the director now directly owns 2,086,065 shares of the company’s stock, valued at $156,392,293.05. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in AMWD. Prudential Financial Inc. raised its stake in American Woodmark Corp. by 18.9% in the first quarter. Prudential Financial Inc. now owns 160,806 shares of the company’s stock valued at $11,994,000 after buying an additional 25,516 shares in the last quarter. BlackRock Group LTD increased its position in American Woodmark Corp. by 3.4% in the first quarter. BlackRock Group LTD now owns 14,033 shares of the company’s stock valued at $1,047,000 after buying an additional 466 shares during the last quarter. Motley Fool Wealth Management LLC increased its position in American Woodmark Corp. by 9.3% in the first quarter. Motley Fool Wealth Management LLC now owns 62,583 shares of the company’s stock valued at $4,668,000 after buying an additional 5,343 shares during the last quarter. Scotia Capital Inc. acquired a new position in American Woodmark Corp. during the first quarter valued at $248,000. Finally, Quadrature Capital Ltd acquired a new position in American Woodmark Corp. during the first quarter valued at $511,000. 79.41% of the stock is owned by institutional investors.
Shares of American Woodmark Corp. (NASDAQ:AMWD) traded down 1.03% during midday trading on Thursday, reaching $79.14. 16,146 shares of the company’s stock traded hands. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.94 and a beta of 1.76. The stock’s 50-day moving average price is $82.49 and its 200 day moving average price is $75.41. American Woodmark Corp. has a one year low of $57.04 and a one year high of $89.89.
American Woodmark Corp. (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.39. American Woodmark Corp. had a net margin of 6.70% and a return on equity of 23.08%. The firm earned $258.20 million during the quarter, compared to analyst estimates of $261.65 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that American Woodmark Corp. will post $4.40 earnings per share for the current fiscal year.
About American Woodmark Corp.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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