Longbow Research Upgrades American Woodmark (AMWD) to Buy

American Woodmark (NASDAQ:AMWD) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a research report issued on Friday, MarketBeat reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded American Woodmark from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub downgraded American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Robert W. Baird increased their price objective on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $141.00.

American Woodmark (NASDAQ AMWD) traded up $8.15 during trading hours on Friday, hitting $128.35. The company had a trading volume of 168,816 shares, compared to its average volume of 94,488. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.95 and a current ratio of 3.41. The company has a market capitalization of $2,103.89, a P/E ratio of 28.40 and a beta of 1.58. American Woodmark has a fifty-two week low of $76.10 and a fifty-two week high of $148.44.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.01). The firm had revenue of $274.80 million for the quarter, compared to the consensus estimate of $280.60 million. American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. research analysts anticipate that American Woodmark will post 4.96 EPS for the current year.

In other American Woodmark news, major shareholder William F. Brandt sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $97.11, for a total value of $1,165,320.00. Following the completion of the transaction, the insider now directly owns 1,808,631 shares in the company, valued at $175,636,156.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $139.25, for a total value of $69,625.00. Following the completion of the transaction, the insider now owns 46,609 shares of the company’s stock, valued at $6,490,303.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,000 shares of company stock valued at $10,518,635. Corporate insiders own 1.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC lifted its position in shares of American Woodmark by 88.6% in the fourth quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock valued at $127,000 after buying an additional 458 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of American Woodmark by 78.3% in 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 during the last quarter. Parametrica Management Ltd acquired a new stake in shares of American Woodmark in the fourth quarter valued at approximately $257,000. New England Research & Management Inc. acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $236,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of American Woodmark in the second quarter valued at approximately $288,000. Hedge funds and other institutional investors own 75.02% 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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