American Woodmark Corporation (NASDAQ:AMWD) Receives Average Rating of “Hold” from Analysts

Shares of American Woodmark Corporation (NASDAQ:AMWD) have received an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $66.00.

Several analysts have recently commented on the company. Baird R W cut American Woodmark from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, October 8th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $57.00) on shares of American Woodmark in a research note on Monday.

American Woodmark Stock Up 3.0%

AMWD stock opened at $63.32 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. The firm has a market capitalization of $922.57 million, a P/E ratio of 15.00 and a beta of 1.27. American Woodmark has a 52-week low of $47.15 and a 52-week high of $83.72. The company’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $59.70.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm had revenue of $394.64 million during the quarter, compared to analyst estimates of $410.62 million. During the same period in the prior year, the business posted $2.08 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in shares of American Woodmark during the 3rd quarter valued at $36,000. Advisory Services Network LLC acquired a new stake in American Woodmark during the third quarter valued at $57,000. GAMMA Investing LLC boosted its position in American Woodmark by 35.8% during the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in American Woodmark in the second quarter valued at about $64,000. Finally, CWM LLC increased its position in American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.