American Woodmark Corporation (NASDAQ:AMWD) Receives Average Rating of “Hold” from Brokerages

American Woodmark Corporation (NASDAQ:AMWD) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $64.50.

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Robert W. Baird reduced their price objective on American Woodmark from $67.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th.

American Woodmark Stock Performance

Shares of AMWD opened at $59.90 on Friday. The firm’s 50 day moving average is $54.83 and its 200-day moving average is $59.48. The stock has a market capitalization of $872.74 million, a P/E ratio of 14.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. American Woodmark has a 12-month low of $47.15 and a 12-month high of $83.72.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing the consensus estimate 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 net margin of 3.94% and a return on equity of 7.13%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share.

Institutional Trading of American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of American Woodmark by 5.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,809 shares of the company’s stock worth $203,000 after buying an additional 206 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of American Woodmark by 2.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,218 shares of the company’s stock valued at $545,000 after acquiring an additional 256 shares in the last quarter. GAMMA Investing LLC boosted its stake in American Woodmark by 35.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after purchasing an additional 285 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in American Woodmark by 0.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,422 shares of the company’s stock worth $2,744,000 after purchasing an additional 356 shares during the period. Finally, Osaic Holdings Inc. grew its position in American Woodmark by 19.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About American Woodmark

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.