American Woodmark (NASDAQ:AMWD) Cut to Peer Perform at Wolfe Research

American Woodmark (NASDAQ:AMWD) was downgraded by investment analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Tuesday,Finviz reports.

Several other equities research analysts have also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital decreased their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.00.

American Woodmark Stock Performance

American Woodmark stock opened at $75.65 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark has a twelve month low of $73.24 and a twelve month high of $106.57. The firm has a fifty day simple moving average of $82.80 and a two-hundred day simple moving average of $89.54. The company has a market capitalization of $1.14 billion, a PE ratio of 11.31 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). The firm had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.36 EPS.

Insider Buying and Selling

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares of the company’s stock, valued at $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James G. Davis sold 1,250 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the transaction, the director now directly owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,250 shares of company stock valued at $789,898 over the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. Pzena Investment Management LLC boosted its stake in American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after purchasing an additional 179,644 shares during the period. Point72 Asset Management L.P. bought a new stake in American Woodmark in the third quarter valued at approximately $15,967,000. Hotchkis & Wiley Capital Management LLC bought a new stake in American Woodmark in the third quarter worth approximately $9,195,000. Franklin Resources Inc. raised its stake in American Woodmark by 249.1% during the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after buying an additional 72,600 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of American Woodmark during the third quarter valued at about $5,261,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Company Profile

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.