Zacks: Analysts Set $108.00 Target Price for American Woodmark Corporation (AMWD)

American Woodmark Corporation (NASDAQ:AMWD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $108.00 for the company and are expecting that the company will post $0.99 EPS for the current quarter, according to Zacks. Zacks has also assigned American Woodmark an industry rank of 189 out of 265 based on the ratings given to related companies.

AMWD has been the topic of several analyst reports. BidaskClub downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, August 25th.

Shares of American Woodmark (NASDAQ:AMWD) traded up $28.10 during trading hours on Friday, hitting $127.70. The company had a trading volume of 1,090,000 shares, compared to its average volume of 168,666. The company has a current ratio of 3.45, a quick ratio of 3.00 and a debt-to-equity ratio of 0.04. American Woodmark has a twelve month low of $69.65 and a twelve month high of $136.05. The stock has a market capitalization of $2,080.00, a price-to-earnings ratio of 28.50 and a beta of 1.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). The firm had revenue of $274.80 million for the quarter, compared to analysts’ expectations of $280.60 million. American Woodmark had a return on equity of 20.89% and a net margin of 6.85%. American Woodmark’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. sell-side analysts anticipate that American Woodmark will post 4.92 earnings per share for the current fiscal year.

In other American Woodmark news, SVP Roger Perry Campbell sold 3,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total transaction of $267,870.00. Following the transaction, the senior vice president now directly owns 11,415 shares of the company’s stock, valued at $1,019,245.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $99.35, for a total value of $49,675.00. Following the completion of the sale, the insider now directly owns 48,609 shares in the company, valued at $4,829,304.15. The disclosure for this sale can be found here. Insiders have sold 76,168 shares of company stock worth $7,144,144 over the last three months. Company insiders own 1.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of American Woodmark by 9.6% in the third quarter. California Public Employees Retirement System now owns 30,804 shares of the company’s stock valued at $2,965,000 after purchasing an additional 2,704 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of American Woodmark by 13.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,203 shares of the company’s stock valued at $3,581,000 after purchasing an additional 4,272 shares during the last quarter. Royce & Associates LP grew its position in shares of American Woodmark by 3.8% in the third quarter. Royce & Associates LP now owns 289,518 shares of the company’s stock valued at $27,866,000 after purchasing an additional 10,598 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of American Woodmark by 42.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,867 shares of the company’s stock valued at $372,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of American Woodmark by 0.5% in the third quarter. Epoch Investment Partners Inc. now owns 164,960 shares of the company’s stock valued at $15,877,000 after purchasing an additional 797 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors.

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American Woodmark Company Profile

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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