American Woodmark (NASDAQ:AMWD) Upgraded at Zelman & Associates

Zelman & Associates upgraded shares of American Woodmark (NASDAQ:AMWD) from an underperform rating to a neutral rating in a research report report published on Friday,Benzinga reports. Zelman & Associates currently has $54.00 price objective on the stock.

AMWD has been the topic of a number of other research reports. Robert W. Baird dropped their price target on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.33.

American Woodmark Trading Down 2.6%

NASDAQ AMWD opened at $50.10 on Friday. The firm has a market capitalization of $729.96 million, a PE ratio of 43.19 and a beta of 1.28. The business’s 50-day moving average price is $58.65 and its two-hundred day moving average price is $60.58. The company has a current ratio of 2.37, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. American Woodmark has a 12 month low of $47.15 and a 12 month high of $72.15.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.34. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was down 18.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in American Woodmark by 24.1% in the fourth quarter. Invesco Ltd. now owns 120,797 shares of the company’s stock worth $6,511,000 after acquiring an additional 23,470 shares in the last quarter. Vident Advisory LLC raised its position in shares of American Woodmark by 15.7% during the fourth quarter. Vident Advisory LLC now owns 10,227 shares of the company’s stock worth $551,000 after purchasing an additional 1,390 shares during the period. Toronto Dominion Bank bought a new position in shares of American Woodmark in the 4th quarter worth $17,186,000. Janus Henderson Group PLC grew its position in American Woodmark by 208.2% in the 4th quarter. Janus Henderson Group PLC now owns 22,465 shares of the company’s stock valued at $1,211,000 after purchasing an additional 15,176 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in American Woodmark by 488.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 18,186 shares of the company’s stock valued at $980,000 after purchasing an additional 15,096 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

More American Woodmark News

Here are the key news stories impacting American Woodmark this week:

• Positive Sentiment: Q3 EPS beat — AMWD reported $0.45 EPS vs. $0.11 consensus, which should support near-term sentiment as the company outperformed EPS expectations. Press Release
• Positive Sentiment: Zelman upgrade — Zelman & Associates upgraded AMWD from “underperform” to “neutral” and set a $54 PT, signaling improving analyst tone that could limit downside. Benzinga
• Neutral Sentiment: Robert W. Baird trimmed its price target from $60 to $55 but kept a “neutral” rating — a modestly lower valuation reference that still implies some upside but reduces analyst conviction. Benzinga
• Neutral Sentiment: MasterBrand deal narrative — recent coverage discusses how a MasterBrand-related deal/reframing could change the company story; impact depends on deal terms and execution, so investors are parsing details. How The MasterBrand Deal Is Reframing The Story
• Neutral Sentiment: Short-interest reporting is unreliable — recent feeds show large/odd moves but list zero shares and NaN changes, so there’s no clear short-squeeze or covering signal from public data today. (Data flagged as inconsistent.)
• Negative Sentiment: Revenue miss and y/y decline — Q3 revenue was $324.3M vs. $358.1M expected and down ~18.4% y/y; the top-line shortfall is the main negative driver behind weaker sentiment despite the EPS beat. Sales Below Estimates

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.