Zacks: American Woodmark Co. (AMWD) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of American Woodmark Co. (NASDAQ:AMWD) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price target of $152.00 for the company and are expecting that the company will post $0.89 earnings per share for the current quarter, according to Zacks. Zacks has also given American Woodmark an industry rank of 64 out of 265 based on the ratings given to related companies.

Several research firms have recently issued reports on AMWD. Robert W. Baird raised their price target on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, December 6th.

American Woodmark (NASDAQ AMWD) traded up $1.90 during midday trading on Friday, hitting $135.60. The stock had a trading volume of 61,857 shares, compared to its average volume of 82,041. The firm has a market cap of $2,340.19, a PE ratio of 30.00 and a beta of 1.56. American Woodmark has a one year low of $69.65 and a one year high of $136.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The firm had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. During the same period last year, the business posted $1.10 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts forecast that American Woodmark will post 4.96 earnings per share for the current year.

In other news, major shareholder William F. Brandt sold 4,511 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $90.30, for a total value of $407,343.30. Following the transaction, the insider now directly owns 1,833,245 shares in the company, valued at approximately $165,542,023.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $129.65, for a total value of $64,825.00. Following the completion of the transaction, the insider now owns 47,109 shares in the company, valued at $6,107,681.85. The disclosure for this sale can be found here. Insiders sold a total of 95,011 shares of company stock worth $11,050,853 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC lifted its holdings in American Woodmark by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after acquiring an additional 599 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in American Woodmark by 78.3% during the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock worth $133,000 after acquiring an additional 612 shares in the last quarter. SG Americas Securities LLC bought a new position in American Woodmark during the second quarter worth about $172,000. Pinebridge Investments L.P. lifted its holdings in American Woodmark by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock worth $176,000 after acquiring an additional 18 shares in the last quarter. Finally, New England Research & Management Inc. bought a new position in American Woodmark during the third quarter worth about $236,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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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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