American Woodmark (NASDAQ:AMWD - Get Free Report) was upgraded by stock analysts at Loop Capital from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a $119.00 price objective on the stock, up from their prior price objective of $98.00. Loop Capital's price target would suggest a potential upside of 19.37% from the company's current price.
Other equities research analysts have also issued research reports about the company. Wolfe Research upgraded American Woodmark from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Robert W. Baird dropped their price target on American Woodmark from $116.00 to $112.00 and set an "outperform" rating for the company in a research note on Wednesday, August 28th. Finally, Zelman & Associates reaffirmed a "neutral" rating on shares of American Woodmark in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.25.
View Our Latest Stock Report on AMWD
American Woodmark Stock Performance
AMWD traded up $3.57 during mid-day trading on Thursday, reaching $99.69. 217,872 shares of the company traded hands, compared to its average volume of 153,962. The stock has a market capitalization of $1.55 billion, a P/E ratio of 13.96 and a beta of 1.61. American Woodmark has a 52-week low of $65.01 and a 52-week high of $106.57. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The company's fifty day moving average price is $91.26 and its 200-day moving average price is $90.24.
American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million for the quarter, compared to the consensus estimate of $475.37 million. The business's quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 earnings per share.
Insider Transactions at American Woodmark
In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares in the company, valued at approximately $10,514,012.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.
Institutional Trading of American Woodmark
Several institutional investors and hedge funds have recently made changes to their positions in AMWD. Vanguard Group Inc. lifted its holdings in shares of American Woodmark by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company's stock worth $173,917,000 after buying an additional 19,693 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Woodmark by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company's stock valued at $95,149,000 after acquiring an additional 7,496 shares in the last quarter. Cooke & Bieler LP lifted its stake in American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company's stock worth $71,499,000 after acquiring an additional 80,873 shares during the period. Pacer Advisors Inc. grew its holdings in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company's stock worth $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Finally, LSV Asset Management increased its position in American Woodmark by 36.6% during the 2nd quarter. LSV Asset Management now owns 228,320 shares of the company's stock valued at $17,946,000 after purchasing an additional 61,206 shares during the period. 95.47% of the stock is currently owned by institutional investors.
About American Woodmark
(
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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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