Robert W. Baird Cuts American Woodmark (NASDAQ:AMWD) Price Target to $55.00

American Woodmark (NASDAQ:AMWD) had its target price decreased by Robert W. Baird from $60.00 to $55.00 in a research report sent to investors on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.33.

American Woodmark Trading Down 2.6%

Shares of AMWD opened at $50.10 on Friday. American Woodmark has a fifty-two week low of $47.15 and a fifty-two week high of $72.15. The company has a market capitalization of $729.96 million, a PE ratio of 43.19 and a beta of 1.28. The stock has a fifty day moving average of $58.65 and a two-hundred day moving average of $60.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating 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 business had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. During the same quarter in the previous year, the business earned $1.05 earnings per share. The business’s revenue for the quarter was down 18.4% on a year-over-year basis.

Institutional Trading of American Woodmark

A number of institutional investors have recently modified their holdings of AMWD. Franklin Resources Inc. raised its holdings in American Woodmark by 8,028.2% in the fourth quarter. Franklin Resources Inc. now owns 408,932 shares of the company’s stock valued at $22,041,000 after buying an additional 403,901 shares during the period. Citigroup Inc. increased its position in shares of American Woodmark by 2,117.7% in the third quarter. Citigroup Inc. now owns 400,343 shares of the company’s stock worth $26,727,000 after acquiring an additional 382,291 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of American Woodmark in the 4th quarter valued at $17,186,000. Magnetar Financial LLC acquired a new position in shares of American Woodmark during the 3rd quarter valued at $20,665,000. Finally, AQR Arbitrage LLC purchased a new stake in American Woodmark during the 3rd quarter worth $15,722,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.