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

American Woodmark Co. (NASDAQ:AMWD) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $95.75.

AMWD has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Loop Capital lowered their price target on American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, May 24th.

Insider Buying and Selling at American Woodmark

In related news, Director Philip D. Fracassa purchased 600 shares of American Woodmark stock in a transaction on Thursday, May 30th. The shares were bought at an average cost of $86.66 per share, for a total transaction of $51,996.00. Following the acquisition, the director now owns 600 shares in the company, valued at approximately $51,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Trading of American Woodmark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quantedge Capital Pte Ltd bought a new stake in shares of American Woodmark in the 4th quarter worth about $1,950,000. Pacer Advisors Inc. increased its holdings in shares of American Woodmark by 49.6% in the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after buying an additional 183,336 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of American Woodmark by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after buying an additional 74,371 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of American Woodmark by 265.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 29,066 shares of the company’s stock worth $2,198,000 after buying an additional 21,114 shares during the last quarter. Finally, Summit Global Investments increased its holdings in shares of American Woodmark by 18.1% in the 4th quarter. Summit Global Investments now owns 13,099 shares of the company’s stock worth $1,216,000 after buying an additional 2,008 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Trading Up 2.7 %

American Woodmark stock opened at $85.92 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. American Woodmark has a 12-month low of $65.01 and a 12-month high of $104.28. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.03 and a beta of 1.62. The firm has a 50 day moving average of $85.34 and a 200 day moving average of $91.30.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). American Woodmark had a return on equity of 15.43% and a net margin of 6.29%. The firm had revenue of $453.28 million during the quarter, compared to analysts’ expectations of $437.80 million. As a group, research analysts predict that American Woodmark will post 8.31 earnings per share for the current year.

About American Woodmark

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.