Zacks: American Woodmark Corporation (AMWD) Given $102.00 Consensus Target Price by Brokerages
American Woodmark Corporation (NASDAQ:AMWD) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $102.00 for the company and are forecasting that the company will post $1.33 EPS for the current quarter, according to Zacks. Zacks has also given American Woodmark Corporation an industry rank of 240 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, September 19th. BidaskClub raised shares of American Woodmark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Zelman & Associates lowered shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
In related news, major shareholder William F. Brandt sold 18,728 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $93.21, for a total value of $1,745,636.88. Following the sale, the insider now directly owns 1,867,245 shares in the company, valued at approximately $174,045,906.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $80.63, for a total transaction of $241,890.00. Following the completion of the sale, the director now owns 7,155 shares in the company, valued at $576,907.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,157 shares of company stock valued at $4,272,295. Company insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of American Woodmark Corporation in the 1st quarter worth approximately $110,000. Riverhead Capital Management LLC raised its holdings in shares of American Woodmark Corporation by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after purchasing an additional 599 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of American Woodmark Corporation by 78.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock worth $133,000 after purchasing an additional 612 shares in the last quarter. Dubuque Bank & Trust Co. raised its holdings in shares of American Woodmark Corporation by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock worth $158,000 after purchasing an additional 132 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of American Woodmark Corporation in the 2nd quarter worth approximately $172,000. Institutional investors and hedge funds own 80.30% of the company’s stock.
American Woodmark Corporation (AMWD) opened at 95.65 on Monday. The firm has a 50-day moving average of $88.96 and a 200-day moving average of $92.08. The stock has a market capitalization of $1.55 billion, a PE ratio of 21.84 and a beta of 1.44. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30.
American Woodmark Corporation (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.14). The company had revenue of $276.83 million during the quarter, compared to analyst estimates of $278.80 million. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, equities research analysts forecast that American Woodmark Corporation will post $4.94 earnings per share for the current year.
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American Woodmark Corporation Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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