American Woodmark (NASDAQ:AMWD) Upgraded by TheStreet to C

TheStreet upgraded shares of American Woodmark (NASDAQ:AMWDGet Rating) from a d+ rating to a c rating in a report published on Tuesday, TheStreetRatingsTable reports.

A number of other research firms have also recently commented on AMWD. StockNews.com started coverage on shares of American Woodmark in a report on Wednesday, October 12th. They issued a hold rating for the company. Robert W. Baird raised their price target on shares of American Woodmark from $54.00 to $58.00 and gave the stock a neutral rating in a report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of American Woodmark from $45.00 to $39.00 and set a sell rating for the company in a report on Thursday, October 20th. Finally, Loop Capital raised their price target on shares of American Woodmark from $47.00 to $49.00 in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $48.67.

American Woodmark Trading Up 3.6 %

Shares of American Woodmark stock opened at $56.70 on Tuesday. The company has a market capitalization of $942.47 million, a price-to-earnings ratio of -73.64 and a beta of 1.79. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.61. American Woodmark has a 12-month low of $40.70 and a 12-month high of $69.59. The firm’s 50-day moving average price is $47.25 and its two-hundred day moving average price is $48.40.

American Woodmark (NASDAQ:AMWDGet Rating) last posted its earnings results on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.40. The firm had revenue of $542.90 million during the quarter, compared to analysts’ expectations of $514.10 million. American Woodmark had a negative net margin of 0.65% and a positive return on equity of 9.35%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, analysts forecast that American Woodmark will post 6.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Woodmark

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. bought a new stake in shares of American Woodmark during the first quarter worth about $343,000. B. Riley Asset Management LLC increased its position in shares of American Woodmark by 45.8% during the first quarter. B. Riley Asset Management LLC now owns 88,009 shares of the company’s stock worth $4,308,000 after acquiring an additional 27,646 shares in the last quarter. Pzena Investment Management LLC grew its position in American Woodmark by 16.1% in the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company’s stock worth $41,830,000 after purchasing an additional 118,342 shares in the last quarter. Raymond James & Associates grew its position in American Woodmark by 60.9% in the 1st quarter. Raymond James & Associates now owns 110,978 shares of the company’s stock worth $5,432,000 after purchasing an additional 42,008 shares in the last quarter. Finally, Equitable Trust Co. grew its position in American Woodmark by 50.0% in the 2nd quarter. Equitable Trust Co. now owns 7,810 shares of the company’s stock worth $352,000 after purchasing an additional 2,604 shares in the last quarter. 91.57% of the stock is owned by institutional investors.

American Woodmark Company Profile

(Get Rating)

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.

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