American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Beats Expectations By $0.34 EPS

American Woodmark (NASDAQ:AMWD) issued its earnings results on Thursday. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.34, FiscalAI reports. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The business had revenue of $324.30 million during the quarter, compared to analyst estimates of $358.14 million. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue was down 18.4% compared to the same quarter last year.

American Woodmark Stock Performance

Shares of American Woodmark stock traded down $0.53 during trading hours on Thursday, hitting $51.43. 286,239 shares of the company’s stock traded hands, compared to its average volume of 158,914. The company has a fifty day simple moving average of $58.84 and a 200-day simple moving average of $60.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. The stock has a market capitalization of $749.34 million, a price-to-earnings ratio of 12.19 and a beta of 1.27. American Woodmark has a 12-month low of $47.15 and a 12-month high of $72.15.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds have recently modified their holdings of AMWD. Vident Advisory LLC raised its position in shares of American Woodmark by 14.3% during the 3rd quarter. Vident Advisory LLC now owns 8,837 shares of the company’s stock valued at $590,000 after buying an additional 1,107 shares in the last quarter. Prelude Capital Management LLC purchased a new position in shares of American Woodmark during the third quarter valued at about $576,000. Jump Financial LLC bought a new stake in shares of American Woodmark during the 2nd quarter valued at $389,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in American Woodmark by 70.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,325 shares of the company’s stock worth $341,000 after acquiring an additional 2,617 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in American Woodmark in the 3rd quarter worth approximately $336,000. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

AMWD has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and set a $60.00 price target (up from $57.00) on shares of American Woodmark in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.

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.