American Woodmark Co. (NASDAQ:AMWD) Receives Consensus Recommendation of “Hold” from Analysts

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American Woodmark Co. (NASDAQ:AMWD) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $93.67.

AMWD has been the topic of several recent research reports. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. BidaskClub lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine lowered American Woodmark from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Sidoti set a $105.00 price objective on American Woodmark and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Wells Fargo & Co upped their price objective on American Woodmark from $70.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 29th.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in American Woodmark by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 171,481 shares of the company’s stock valued at $9,548,000 after buying an additional 15,118 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in American Woodmark by 347.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock valued at $247,000 after buying an additional 3,442 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in American Woodmark in the fourth quarter valued at approximately $340,000. Thrivent Financial for Lutherans boosted its position in American Woodmark by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,908 shares of the company’s stock valued at $607,000 after buying an additional 239 shares in the last quarter. Finally, Norges Bank acquired a new stake in American Woodmark in the fourth quarter valued at approximately $11,294,000. Institutional investors and hedge funds own 93.28% of the company’s stock.

NASDAQ AMWD traded down $2.20 during trading hours on Thursday, reaching $73.65. The stock had a trading volume of 99,665 shares, compared to its average volume of 160,053. The stock has a fifty day moving average of $82.63 and a 200 day moving average of $82.28. The stock has a market cap of $1.33 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.20 and a beta of 2.35. American Woodmark has a 52-week low of $53.35 and a 52-week high of $98.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.32 and a current ratio of 2.05.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, May 28th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). The firm had revenue of $407.40 million during the quarter, compared to analysts’ expectations of $413.45 million. American Woodmark had a net margin of 5.09% and a return on equity of 19.51%. American Woodmark’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. On average, equities research analysts forecast that American Woodmark will post 7.3 EPS for the current year.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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