American Woodmark (NASDAQ:AMWD) Receives “Neutral” Rating from Zelman & Associates

Zelman & Associates reaffirmed their neutral rating on shares of American Woodmark (NASDAQ:AMWD) in a research note issued to investors on Wednesday, Benzinga reports.

A number of other research firms have also commented on AMWD. Loop Capital lowered their price target on American Woodmark from $112.00 to $100.00 and set a hold rating for the company in a research report on Friday, May 24th. Robert W. Baird lowered their price target on American Woodmark from $122.00 to $116.00 and set an outperform rating for the company in a research report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $101.33.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $89.75 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. American Woodmark has a twelve month low of $65.01 and a twelve month high of $104.28. The stock’s 50 day moving average is $84.90 and its 200-day moving average is $91.19. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.57 and a beta of 1.62.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The company had revenue of $453.28 million during the quarter, compared to analysts’ expectations of $437.80 million. American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. Sell-side analysts forecast that American Woodmark will post 8.31 EPS for the current fiscal year.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, Director Philip D. Fracassa acquired 600 shares of American Woodmark stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $86.66 per share, for a total transaction of $51,996.00. Following the purchase, the director now directly owns 600 shares of the company’s stock, valued at $51,996. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMWD. Pacer Advisors Inc. grew its stake in shares of American Woodmark by 49.6% during the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after acquiring an additional 183,336 shares during the period. Allianz Asset Management GmbH grew its stake in shares of American Woodmark by 421.0% during the 4th quarter. Allianz Asset Management GmbH now owns 154,806 shares of the company’s stock worth $14,374,000 after acquiring an additional 125,095 shares during the period. Norges Bank bought a new position in American Woodmark in the 4th quarter worth about $10,027,000. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 74,371 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in American Woodmark by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,206,036 shares of the company’s stock worth $111,981,000 after purchasing an additional 69,101 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.