American Woodmark Co. (NASDAQ:AMWD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $152.00 for the company and are forecasting 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 183 out of 265 based on the ratings given to related companies.
Several research firms recently commented on AMWD. Zacks Investment Research cut American Woodmark from a “buy” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Robert W. Baird boosted their price target on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th.
American Woodmark (NASDAQ:AMWD) last released its quarterly 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 return on equity of 20.56% and a net margin of 6.98%. The business had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. analysts forecast that American Woodmark will post 4.96 EPS for the current year.
In other American Woodmark news, major shareholder William F. Brandt sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $96.55, for a total transaction of $144,825.00. Following the sale, the insider now owns 1,835,745 shares in the company, valued at $177,241,179.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Cary Dunston sold 500 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $99.35, for a total value of $49,675.00. Following the sale, the insider now owns 48,609 shares in the company, valued at approximately $4,829,304.15. The disclosure for this sale can be found here. Insiders have sold 95,011 shares of company stock worth $11,050,853 in the last 90 days. 1.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverhead Capital Management LLC raised its stake in American Woodmark by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after buying an additional 599 shares in the last quarter. Flinton Capital Management LLC raised its stake in American Woodmark by 78.3% during the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after buying an additional 612 shares in the last quarter. Pinebridge Investments L.P. raised its stake in American Woodmark by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock valued at $176,000 after buying an additional 18 shares in the last quarter. New England Research & Management Inc. acquired a new stake in shares of American Woodmark during the 3rd quarter worth approximately $236,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of American Woodmark during the 2nd quarter worth approximately $288,000. Hedge funds and other institutional investors own 75.79% of the company’s stock.
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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