American Woodmark Co. (NASDAQ:AMWD) Receives $93.25 Average PT from Brokerages

Shares of American Woodmark Co. (NASDAQ:AMWD) have been given an average rating of “Hold” by the five brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $93.25.

Several research firms recently issued reports on AMWD. StockNews.com lowered American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Robert W. Baird upped their target price on American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, March 1st.

American Woodmark Stock Up 1.4 %

AMWD stock opened at $92.92 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. The stock has a market capitalization of $1.47 billion, a P/E ratio of 12.82 and a beta of 1.73. The business has a 50-day moving average of $96.54 and a 200-day moving average of $88.08. American Woodmark has a fifty-two week low of $47.98 and a fifty-two week high of $104.28.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.53. The company had revenue of $422.10 million during the quarter, compared to analysts’ expectations of $394.56 million. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. American Woodmark’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts anticipate that American Woodmark will post 8.6 earnings per share for the current fiscal year.

Institutional Trading of American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of AMWD. SG Americas Securities LLC bought a new stake in American Woodmark in the third quarter valued at approximately $243,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in American Woodmark in the third quarter valued at approximately $227,000. Raymond James & Associates bought a new stake in American Woodmark in the third quarter valued at approximately $312,000. New York State Teachers Retirement System raised its stake in American Woodmark by 26.0% in the third quarter. New York State Teachers Retirement System now owns 10,926 shares of the company’s stock valued at $826,000 after buying an additional 2,258 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Woodmark by 71.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,732 shares of the company’s stock valued at $282,000 after buying an additional 1,558 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.