American Woodmark Corporation (NASDAQ:AMWD) Given Average Recommendation of “Hold” by Brokerages

Shares of American Woodmark Corporation (NASDAQ:AMWD) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $64.50.

Several analysts recently commented on AMWD shares. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Robert W. Baird decreased their target price on shares of American Woodmark from $67.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th.

Institutional Investors Weigh In On American Woodmark

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of American Woodmark in the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC bought a new stake in American Woodmark in the third quarter worth approximately $57,000. GAMMA Investing LLC raised its holdings in shares of American Woodmark by 35.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of American Woodmark in the 2nd quarter valued at $64,000. Finally, CWM LLC boosted its holdings in American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Stock Up 5.3%

NASDAQ:AMWD opened at $59.90 on Friday. The business’s fifty day moving average price is $54.83 and its 200 day moving average price is $59.48. The firm has a market capitalization of $872.74 million, a price-to-earnings ratio of 14.19 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. American Woodmark has a 1-year low of $47.15 and a 1-year high of $83.72.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). The business had revenue of $394.64 million for the quarter, compared to analyst estimates of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 earnings per share.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.