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

Shares of American Woodmark Co. (NASDAQ:AMWD) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $102.00.

AMWD has been the subject of a number of research reports. Loop Capital decreased their price target on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Robert W. Baird reduced their price target on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Finally, Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, August 14th.

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $91.78 on Thursday. American Woodmark has a 12 month low of $65.01 and a 12 month high of $106.57. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $91.46 and a 200-day moving average price of $90.49. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 12.85 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. During the same period in the previous year, the business earned $2.78 EPS. The business’s revenue was down 7.9% compared to the same quarter last year.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of American Woodmark during the second quarter valued at $66,000. Picton Mahoney Asset Management bought a new position in American Woodmark during the 2nd quarter valued at about $71,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of American Woodmark by 67.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after acquiring an additional 377 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of American Woodmark by 67.8% in the first quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after acquiring an additional 631 shares during the period. Finally, Covestor Ltd raised its holdings in shares of American Woodmark by 1,230.2% during the first quarter. Covestor Ltd now owns 1,716 shares of the company’s stock valued at $175,000 after purchasing an additional 1,587 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.