Loop Capital initiated coverage on shares of American Woodmark (NASDAQ:AMWD) in a report released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $121.00 target price on the stock.
A number of other equities research analysts also recently commented on the company. BidaskClub upgraded American Woodmark from a buy rating to a strong-buy rating in a report on Saturday, January 18th. ValuEngine cut American Woodmark from a hold rating to a sell rating in a report on Tuesday, December 3rd. Finally, Zacks Investment Research upgraded American Woodmark from a hold rating to a buy rating and set a $115.00 target price for the company in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $102.00.
AMWD traded down $1.25 during trading on Thursday, reaching $113.58. 89,743 shares of the company’s stock were exchanged, compared to its average volume of 80,700. The company’s fifty day moving average price is $107.25 and its 200-day moving average price is $93.84. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.12 and a current ratio of 1.82. American Woodmark has a fifty-two week low of $65.46 and a fifty-two week high of $115.61. The firm has a market capitalization of $1.92 billion, a PE ratio of 21.55, a P/E/G ratio of 1.69 and a beta of 2.23.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. American Woodmark had a return on equity of 19.25% and a net margin of 5.43%. The company had revenue of $428.02 million for the quarter, compared to the consensus estimate of $428.38 million. During the same quarter in the prior year, the business posted $1.60 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts forecast that American Woodmark will post 7.5 earnings per share for the current fiscal year.
In other American Woodmark news, SVP Robert J. Adams, Jr. sold 3,700 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $110.00, for a total value of $407,000.00. Following the sale, the senior vice president now directly owns 13,093 shares in the company, valued at $1,440,230. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently bought and sold shares of AMWD. Barclays PLC raised its position in shares of American Woodmark by 23.0% during the third quarter. Barclays PLC now owns 28,537 shares of the company’s stock worth $2,538,000 after purchasing an additional 5,330 shares during the period. Mackay Shields LLC bought a new position in American Woodmark in the third quarter valued at approximately $3,947,000. California State Teachers Retirement System lifted its stake in American Woodmark by 12.5% in the third quarter. California State Teachers Retirement System now owns 26,264 shares of the company’s stock valued at $2,335,000 after buying an additional 2,908 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of American Woodmark by 85.0% in the third quarter. Voya Investment Management LLC now owns 10,597 shares of the company’s stock valued at $942,000 after buying an additional 4,868 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of American Woodmark by 69.2% in the third quarter. California Public Employees Retirement System now owns 32,486 shares of the company’s stock valued at $2,888,000 after buying an additional 13,282 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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